Answer:
$235,000
Explanation:
Under the accrual accounting system, expenses are recognized in the period incurred and not necessarily in the period cash is paid.
Revenue is also recognized in the period earned and not necessarily when cash is collected.
Total revenue in 2018 = $200,000 + $150,000
= $350,000
Net income is the difference between the revenue and expense
Net income in 2018 = $350,000 - $115,000
= $235,000
Answer:
depreciation expense 6,375 debit
accumulate depreciation printer 6,375 credit
Explanation:
To calculate the depreciation we will follow this steps:
1.- Calculate the amount subject to depreciation
purchase 59,000
salvage (8,000)
depreciable amount 51,000
2.- We calculate the striaght-line depreciation
depreciable amount / useful life
51,000/4 = 12,750
Now this amount is for a complete year. The printer enter the accounting on June 30th so at December 31th we have half-year
12,750 --> complete year
12,750/2 --> half year = 6,375
3.- we do the entry:
we recognize the depreication expense
and increase the accumulated depreciation on the printer
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Explanation:
The molecular geometry about a carbon atom in an organic molecule depends on the number of atoms bonded to the carbon. ... In ethylene there are three atoms bonded to the carbon atom; including 2 hydrogen atom and 1 carbon atom) so the geometry is planar.
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