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quester [9]
3 years ago
7

DogMart Company records depreciation for equipment. Depreciation for the period ending December 31 is $2,840 for office equipmen

t and $6,910 for production equipment. Required: Prepare the two entries to record the depreciation. Refer to the Chart of Accounts for exact wording of account titles.
Business
1 answer:
Scorpion4ik [409]3 years ago
4 0

Answer:

The journal entries are shown below:

Explanation:

According to the scenario, the journal entry for the given data are as follows:

For Office equipment

Dec.31  Depreciation for office equipment A/c Dr $2,840

            To Accumulated depreciation for office equipment A/c $2,840

(Being the depreciation expense for office equipment is recorded))

For Production equipment

Dec.31  Depreciation for production equipment A/c Dr $6,910

            To Accumulated depreciation for production equipment A/c $6,910

(Being the depreciation expense for production equipment is recorded))

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For make - or - buy decisons, a supplliers ability to maintain secrecy of intellectual property is considered a?
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5 0
1 year ago
Fred is the purchasing manager at Marc's Auto Body and places orders for routine products such as office supplies and items need
prohojiy [21]

Answer:

A) ​Straight rebuy

Explanation:

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8 0
2 years ago
Last year, flash company sold 15,000 units of its only product. if sales increased by 20% in the current year, how will total va
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3 years ago
In a limited liability partnership, each partner's risk of losing personal assets is:
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Answer:  Option B

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4 0
2 years ago
Read 2 more answers
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