question archive Could you help me with these adjusting entries After a physical count of inventory, it was determined that $238,700 of inventory exists at January 31
Could you help me with these adjusting entries After a physical count of inventory, it was determined that $238,700 of inventory exists at January 31
Subject:BusinessPrice: Bought3
Could you help me with these adjusting entries
After a physical count of inventory, it was determined that $238,700 of inventory exists at January 31.
Based on an analysis of A/R, ABC Company anticipates 3% of A/R to be uncollectible.
Buildings were purchased on Dec 1 of the prior year and are depreciated using the straight line method with no salvage value for 30 years. Round to the nearest dollar. ABC Corporation uses the mid-month convention for to calculate depreciation on all fixed assets (round to the nearest month).
Store Fixtures were purchased on Dec 1 of the prior year and are depreciated using the straight-line method with no salvage value for 5 years. Round to the nearest dollar. ABC Corporation uses the mid-month convention for to calculate depreciation on all fixed assets (round to the nearest month).
Delivery Truck is depreciated using the straight-line method with no salvage value. The estimated life of the truck is 6 years. Round to the nearest dollar. ABC Corporation uses the mid-month convention for to calculate depreciation on all fixed assets (round to the nearest month).
Amortize the discount on bond payable using the straight-line method.
Journalize accrued interest on note payable at the end of January.
Counted office supplies and supplies on hand is $350.
