Jake’s Mechanics owns the following long-lived assets: List of Accounts: Prepare depreciation adjusting entries for Jake
Posted: Sun Jun 05, 2022 6:44 pm
Jake’s Mechanics owns the following long-lived assets:
List of Accounts:
Prepare depreciation adjusting entries for Jake’s Mechanics for
the year ended December 31, 2021. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 31
enter an account title to record depreciation expense for
building on December 31
enter a debit amount
enter a credit amount
enter an account title to record depreciation expense for
building on December 31
enter a debit amount
enter a credit amount
Dec. 31
enter an account title to record depreciation expense for
vehicles on December 31
enter a debit amount
enter a credit amount
enter an account title to record depreciation expense for
vehicles on December 31
enter a debit amount
enter a credit amount
Dec. 31
enter an account title to record depreciation expense for
equipment on December 31
enter a debit amount
enter a credit amount
enter an account title to record depreciation expense for
equipment on December 31
enter a debit amount
enter a credit amount
For each asset, calculate its accumulated depreciation and
carrying amount at December 31, 2021.
List of Accounts:
Prepare depreciation adjusting entries for Jake’s Mechanics for
the year ended December 31, 2021. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 31
enter an account title to record depreciation expense for
building on December 31
enter a debit amount
enter a credit amount
enter an account title to record depreciation expense for
building on December 31
enter a debit amount
enter a credit amount
Dec. 31
enter an account title to record depreciation expense for
vehicles on December 31
enter a debit amount
enter a credit amount
enter an account title to record depreciation expense for
vehicles on December 31
enter a debit amount
enter a credit amount
Dec. 31
enter an account title to record depreciation expense for
equipment on December 31
enter a debit amount
enter a credit amount
enter an account title to record depreciation expense for
equipment on December 31
enter a debit amount
enter a credit amount
For each asset, calculate its accumulated depreciation and
carrying amount at December 31, 2021.