Kohler Inc. wants to replace a 10 year old machine with a new machine that is more efficient. The old machine cost $80,000 when
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Answer:
attached table
Explanation:
for each transaction the acouting equation stand
As the sum ofthe three assets account is the same as the two liabiltiies account and the two equity account.
The revenues and expenses account were posted directly into retained earnings for the purpose of simplify the table.
<u>The expese account if needed to expand the table would be:</u>
(1) rent expense, (8)utilities expense, (11) interest expense and salaries expense (7) and (9)
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
