1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fenix001 [56]
2 years ago
10

ogan Company owns equipment that cost $140,000 when purchased on January 1, 2018. It has been depreciated using the straight-lin

e method based on estimated salvage value of $14,000 and an estimated useful life of 5 year. Prepare Logan Company's journal entries to record the sale of the equipment in five independent situations. Update depreciation on assets disposed of at time of sale.
Business
1 answer:
Anarel [89]2 years ago
5 0
140000x-14000 to at time of sale this is a step to help you
You might be interested in
The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance a
Rasek [7]

Answer:

<u>Bank Reconciliation Statement as of July 31, 2017</u>

Balance at Bank as per cash book (up to date)     $35,480

Add Unpresented Cheques :            

No. 3031                                                                      $1,570

No. 3065                                                                        $561

No. 3069                                                                     $2,338

Less Lodgements not yet credited                          ($10,132)

Balance as per Bank Statement                               $29,817

Explanation:

Step 1 Bring the Cash Book (Bank Balance ) up to date

Debit :

Balance as at July 31                                             $25,699

Note Payable                                                           $9,000

Evan Shaw                                                                   $805

Totals                                                                      $35,504

Credit:

Check No. 3056 Understated                                     $10

Bank service charge                                                     $14

Balance (Up to date)                                             $35,480

Totals                                                                      $35,504

Step 2 Prepare a  bank reconciliation for this company

<u>Bank Reconciliation Statement as of July 31, 2017</u>

Balance at Bank as per cash book (up to date)     $35,480

Add Unpresented Cheques :            

No. 3031                                                                      $1,570

No. 3065                                                                        $561

No. 3069                                                                     $2,338

Less Lodgements not yet credited                          ($10,132)

Balance as per Bank Statement                               $29,817

4 0
3 years ago
"Liberty may be endangered by the abuse of liberty, but also by the abuse of power."—James Madison Which of the following statem
Alex73 [517]

Answer:

James Madison is known as the Father of the Constitution, and he worked very hard to limit the powers of the government branches, so that no government branch would be more powerful than the other two. He was a great supporter of the Bill of Rights, which also limited the power of the government towards the citizens of the nation.  

This specific quote refers to the checks and balances system that prevents any of the three branches of the US government; executive, legislative and judicial, from becoming too powerful.

5 0
2 years ago
The sticky-wage theory of the short-run aggregate supply curve says that the quantity of output firms supply will increase if
nignag [31]

Answer:

a.the price level is higher than expected making production more profitable.

Explanation:

The sticky wages shows that the output increases if the price level is higher because an increase in price level increases the profitability and the increased profitability increases output.

7 0
3 years ago
Sarah was in a meeting where various vendors were being considered. She noticed that one of the vendors had a history of mistrea
Papessa [141]

Answer:

C. role relativism

Explanation:

In this relativism the moral fits to the goals of the company so its adjusted to gain the goals set inside the firm regardless personal views.

6 0
3 years ago
Read 2 more answers
Suppose you borrow at the risk-free rate an amount equal to your initial wealth and invest in a portfolio with an expected retur
zhuklara [117]

Answer:

The answer is

2(16) - (4) =28%

4 0
3 years ago
Other questions:
  • Use the following advice from most financial advisors to solve the problem. ∙ Spend no more than 28% of your gross monthly incom
    11·1 answer
  • Which eu country has recently established formal border controls along one of its borders?
    8·1 answer
  • Does herschel walker do 1000 pushups a day?
    14·1 answer
  • A customer has an individual cash account, an individual margin account, a joint cash account with his wife, and a custodial acc
    15·1 answer
  • A category that is not in the chart of accounts is
    8·1 answer
  • A flow chart as part of a six-sigma quality improvement process might be found in which DMAIC category? A. DefineB. MeasureC. An
    10·1 answer
  • Jerrod is relatively new to Xenon Corporation and wants to make sure that he makes a good impression on his coworkers and superv
    15·1 answer
  • You are considering an investment in Crew Cut, Inc. and want to evaluate the firm's free cash flow. From the income statement, y
    8·1 answer
  • Dennis Company purchases Miles Company for $4,200,000 cash on January 1, 2015. The book value of Miles Company's net assets repo
    15·1 answer
  • Tucker Electronic System's current balance sheet shows total common equity of $3,125,000. The company has 100,000 shares of stoc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!