Solution Aug 31, 2008 Problem 1 Requirement 1. Record the transactions in Plumb Associate’s…


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Solution Aug 31, 2008 Problem 1 Requirement 1. Record the transactions in Plumb Associate’s… 1 answer below » Solution Aug 31, 2008 Problem 1 Requirement 1. Record the transactions in Plumb Associate’s journal. (Round depreciation expense to the nearest whole dollar.) Record the trasaction in Plumb’s journal. First record the trade-in of equipment on January 1. Journal Entry Date Accounts Debit Credit Debit Credit Debit Credit Record the purchase of the land and communication equipment on April 1. Journal Entry Date Accounts Before we record the sale of the building, we must record the depreciation expense for the first eight months of the year. Journal Entry Date Accounts Journalize View complete question » Solution Aug 31, 2008 Problem 1 Requirement 1. Record the transactions in Plumb Associate’s journal. (Round depreciation expense to the nearest whole dollar.) Record the trasaction in Plumb’s journal. First record the trade-in of equipment on January 1. Journal Entry Date Accounts Debit Credit Debit Credit Debit Credit Record the purchase of the land and communication equipment on April 1. Journal Entry Date Accounts Before we record the sale of the building, we must record the depreciation expense for the first eight months of the year. Journal Entry Date Accounts Journalize the sale of the building. Round your answers to the nearest whole dollar. Journal Entry Date Accounts Debit Credit Record the depreciation on the communication equipment for the portion of the year in which it was owned by the company. Round your answers to the nearest whole dollar. Journal Entry Date Accounts Debit Credit Journalize depreciation expense on the office equipment for the year. Round your answers to the nearest whole dollar. Journal Entry Date Course# Accounts Debit Credit Student ID Document Preview: P1
Sheet1.PrintTYK
Requirement
Debit
Credit
Journal Entry
Date
Accounts
Round your answers to the nearest whole dollar.
Buildings, Office equipment, and Communication equipment, with a separate accumulated depreciation
account for each asset. During 2011, Plumb completed the following transactions:
nearest whole dollar.)
Record the purchase of the land and communication equipment on April 1.
Before we record the sale of the building, we must record the depreciation expense for the first
eight months of the year.
Journalize the sale of the building.
Record the depreciation on the communication equipment for the portion of the year in which it was
owned by the company.
Journalize depreciation expense on the office equipment for the year.
Financial Accounting and the Entrepreneur
Problem 1
Plumb Associates surveys American eathing habits. The company’s accounts include Land,
1. Record the transactions in Plumb Associate’s journal. (Round depreciation expense to the
Record the trasaction in Plumb’s journal. First record the trade-in of equipment on January 1.
Solution Aug 31, 2008
Course# Student ID
Problem 1
Print Your Work
P1
Sheet1.PrintTYK
Requirement
Debit
Credit
Journal Entry
Date
Accounts
Round your answers to the nearest whole dollar.
Buildings, Office equipment, and Communication equipment, with a separate accumulated depreciation
account for each asset. During 2011, Plumb completed the following transactions:
nearest whole dollar.)
Record the purchase of the land and communication equipment on April 1.
Before we record the sale of the building, we must record the depreciation expense for the first
eight months of the year.
Journalize the sale of the building.
Record the depreciation on the communication equipment for the portion of the year in which it was
owned by the company.
Journalize depreciation expense on the office equipment for the year.
Financial Accounting and the Entrepreneur
Problem… Attachments: Q-Attachment.xls View less » Jul 30 2015 01:37 PM

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