I want that show how you calculate the Depreciation Expense.
Posted: Sat Feb 19, 2022 2:33 pm
I want that show how you calculate the Depreciation
Expense.
Listed below are the transactions of Charles Wilson, D.D.S., for the month of September. Sept. 1 Wilson begins practice as a dentist, invests $20,740 cash and issues 2,074 shares of $10 par stock. Purchases dental equipment on account from Green Jacket Co. for $17,760. 2 4 Pays rent for office space, $700 for the month. Employs a receptionist, Michael Bradley. 4 5 Purchases dental supplies for cash, $860. 8 10 Receives cash of $1,810 from patients for services performed. Pays miscellaneous office expenses, $420. Bills patients $5,850 for services performed. Pays Green Jacket Co. on account, $3,800. 14 18 19 Pays a dividend of $2,880 cash. 20 Receives $1,020 from patients on account. Bills patients $2,020 for services performed. 25 30 Pavs the following expenses in cash: Salaries and wages $1.890: miscellaneous office expenses $93.
Question 3 of 3 < 4.68 / 33.34 III 25 Bills patients $2,020 for services performed. 30 Pays the following expenses in cash: Salaries and wages $1,890; miscellaneous office expenses $93. 30 Dental supplies used during September, $330. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value. (a) Your answer is partially correct. Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). (Post entries in the order displayed in the problem statement.) Cash Sept. 1 20740 Sept. 4 700
Cash Sept. 1 20740 Sept. 4 700 Sept. 8 1810 Sept. 5 < 860 Sept. 20 1020 Sept. 10 420 Sept. 18 3800 Sept. 19 2880 Sept. 30 1890 Sept. 30 93 Sept. 30 Bal. 12927 <
Accounts Receivable Sept. 14 5850 Sept. 20 1020 Sept. 25 2020 Sept. 30 Bal. 6850 Rent Expense Sept. 4 700 Supplies Sept. 5 860 Sept. 30 330 Sept. 30 Bal. 530 Office Expense Sept. 10 420
Office Expense Sept. 10 420 Sept. 30 93 Salaries and Wages Expense Sept. 30 1890 Supplies Expense Sept. 30 330 Depreciation Expense Sept. 30 Equipment Sept. 2 17760
Equipment Sept. 2 17760 Sept. 30 Bal. 17760 Common Stock Sept. 1 20740 Sept. 30 Bal. 20740 Dividends Sept. 19 2880 Accounts Payable Sept. 18 3800 Sept. 2 17760 Sept. 30 Bal. 13960
Accounts Payable Sept. 18 < 3800 Sept. 2 17760 Sept. 30 Bal. 13960 Service Revenue Sept. 8 1810 < Sept. 14 5850 Sept. 25 2020 Accumulated Depreciation-Equipment Sept. 30
Expense.
- I Want That Show How You Calculate The Depreciation Expense 1 (41.03 KiB) Viewed 52 times
Question 3 of 3 < 4.68 / 33.34 III 25 Bills patients $2,020 for services performed. 30 Pays the following expenses in cash: Salaries and wages $1,890; miscellaneous office expenses $93. 30 Dental supplies used during September, $330. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value. (a) Your answer is partially correct. Enter the transactions shown above in appropriate general ledger accounts (use T-accounts). (Post entries in the order displayed in the problem statement.) Cash Sept. 1 20740 Sept. 4 700
Cash Sept. 1 20740 Sept. 4 700 Sept. 8 1810 Sept. 5 < 860 Sept. 20 1020 Sept. 10 420 Sept. 18 3800 Sept. 19 2880 Sept. 30 1890 Sept. 30 93 Sept. 30 Bal. 12927 <
Accounts Receivable Sept. 14 5850 Sept. 20 1020 Sept. 25 2020 Sept. 30 Bal. 6850 Rent Expense Sept. 4 700 Supplies Sept. 5 860 Sept. 30 330 Sept. 30 Bal. 530 Office Expense Sept. 10 420
Office Expense Sept. 10 420 Sept. 30 93 Salaries and Wages Expense Sept. 30 1890 Supplies Expense Sept. 30 330 Depreciation Expense Sept. 30 Equipment Sept. 2 17760
Equipment Sept. 2 17760 Sept. 30 Bal. 17760 Common Stock Sept. 1 20740 Sept. 30 Bal. 20740 Dividends Sept. 19 2880 Accounts Payable Sept. 18 3800 Sept. 2 17760 Sept. 30 Bal. 13960
Accounts Payable Sept. 18 < 3800 Sept. 2 17760 Sept. 30 Bal. 13960 Service Revenue Sept. 8 1810 < Sept. 14 5850 Sept. 25 2020 Accumulated Depreciation-Equipment Sept. 30