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3. In 4. EI $: BUS 100 DLS Sp 22 8. 5. Ur @ Homework: Assignment 2 Question 2, E3-9 (similar to) Part 1 of 7 HW Score: 0% 0 of 100 points Points: 0 of 20 Save Expo Journalize the following December 31 transactions for Betterton Printing Services. No explanations are required. (Click the icon to view the transactions.) GLIDE a. Equipment cost $24,000 and is expected to be useful for 10 years, at which time it will have no residual value. Calculate and record amortization for the current year. (Record debits first, then credits. Exclude explanations from Journal entries.) Date Accounts and Explanation Debit Credit December 31
a. Equ Calcul transactions - X from bns De a. Equipment cost $24,000 and is expected to be useful for 10 years, at which time it will have no residual value. Calculate and record amortization for the current year. Each Monday, Betterton pays employees for the previous week's work. The amount of weekly payroll is $7,700 for a seven-day workweek (Monday to Sunday). This year December 31 falls on a Thursday. c. The beginning balance of Supplies was $2,500. During the year, Betterton purchased supplies for $3,300, and at December 31, the supplies on hand totalled $1.200. d. Betterton prepaid one year of insurance coverage on April 1 of the current year, $4,800. Record insurance expense for the year ended December 31, e. Betterton eamed $3,600 of unearned revenue. 1. Betterton incurred $150 of interest expense on a note payable that will not be paid until February 28. g. Betterton billed customers $7,000 for printing services performed. Print Done