Answer:
Note: The full question is attached below
S/No Accounts titles and Explanation Debit ($) Credit ($)
A. Accounts receivable 5,200
Service revenue 5,200
(To record the service revenue)
B. Cash 3,100
Service revenue 3,100
(To record the service revenue)
C. Cash 1,500
Unearned service revenue 1,500
(To record the advance received for the services to be provided)
D. Cash 4,600
Accounts receivable 4,600
(To record the collection of amount)
E. Rent payable 1,100
Cash 1,100
(To record the payment of bill)
F. Rent expense 1,200
Rent payable 1,200
(To record the accrual of rent expense)
Solution:
a. The first year depreciation = $3,160
The second year depreciation = $5,100
b. By considering 75% used for business purchase
For 2018 , for 7 months remaining
Depreciation = $3,160 x 75% (
= $1382.50
For 2019 ,
Depreciation = $5,100 x 75% = $3,825