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))
Answer:
$1,486.29
Explanation:
To calculate Ted's account balance at the end of the month:
First, deduct the checks:
1400 - 350.45 - 200.01 - 11.53 - 68.10 - 177.37 = 592.54
Now, add the deposits:
592.54 + 450 + 450 = 1,492.54
The bank charges him a $0.25 fee for every check. He wrote five checks, so his fee is:
0.25 * 5 = 1.25
Deduct the fee from his account:
1,492.54 - 1.25 = 1,491.29
Finally, deduct the monthly account fee:
1,491.29 - 5 = 1,486.29
The first option is the correct option.
Hope this helps :)
The profits will peak and decline.
during this stage of the product development, the product is already widely accepted by the market.
Eventually, the newer and better product will start to appear and the previous one will started to lose popularity and decline in profits.
300 X $690 = $207,000
432 X $590 = $254,880
Hope this helps!
STSN
