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3 years ago

Rane Company had the following assets on January 1, 2017.

Business

1 answer:

Viefleur [7K]3 years ago

6 0

Answer:

Journal entries are prepared below

Explanation:

Journal entries required are given as follows

Jan. 1 (To record retirement of machinery)

Debit Credit

Accumulated depreciation-equipment $69,580

Equipment $69,580

June. 30 (To record the depreciation expense on forklift)

Debit Credit

Depreciation expense 2940

Accumulated depreciation-equipment 2940

Working

Annual depreciation = $29,400 / 5 years = $5880

depreciation for 6 months = $5880 x 6/12 = $2940

June. 30 (To record sale of forklift)

Debit Credit

Cash 11760

Accumulated depreciation-equipment(w) 20580

Equipment 29400

Gain on disposal of plant assets 2940

Working

Accumulated depreciation = 5880 x 3.5 years

Dec. 31 (To record depreciation expense on truck)

Debit Credit

Depreciation expense 3724

Accumulated depreciation-equipment 3724

Working

Annual depreciation on truck = ($32,736- $2,944) / 8 years = $3724

Depreciation for 2017 = $3724

Dec. 31 (To record discarding of the truck)

Debit Credit

Salvaged materials 2,944

Accumulated depreciation-equipment 22344

Loss on disposal of plant assets 7448

Equipment 32,736

Working

Accumulated depreciation = 3724 x 6 years = 22,344

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3 years ago

On October 1, 20X4, Shaw Corp. purchased a machine for $126,000 that was placed in service on November 30, 20X4. Shaw incurred a

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Compile a job advertisement for a receptionist vacancy

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<h2> RECEPTIONIST NEEDED - FRONT DESK</h2>

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<em> our team as a receptionist for the front desk. </em>

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Welcoming clients and prospective clients.
Handling both outgoing ang incoming calls to route them as required.
Handing mail logistics.
Carrying out other Administrative duties as required.

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Age between 21 and 28
Computer literate
Must possess great Interpersonal skills
Must be a team player
GED holders are welcome to apply.
Experience in similar role would be an added advantage.

WE OFFER ATTRACTIVE PACKGAGES.

<em>Send us your CV at </em><em>hrjustjayltd . com</em><em> or contact us on </em><em>1</em><em> </em><em>- 585 - 244 - 8522</em><em>. </em>

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