question 11 Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 Year 2

Post by **answerhappygod** » Fri Jul 01, 2022 8:41 am

question 11
Yoshi Company completed the following transactions and eventsinvolving its delivery trucks.Year 1
Year 2
Year 3
Required:1-a. Calculate depreciation for Year 2.1-b. Calculate book value and gain (loss) forsale of Truck on December 31, Year 3.1-c. Prepare journal entries to record thesetransactions and events.

: Question 11 Yoshi Company Completed The Following Transactions And Events Involving Its Delivery Trucks Year 1 Year 2 1 (16.97 KiB) Viewed 28 times

: Question 11 Yoshi Company Completed The Following Transactions And Events Involving Its Delivery Trucks Year 1 Year 2 2 (16.67 KiB) Viewed 28 times

: Question 11 Yoshi Company Completed The Following Transactions And Events Involving Its Delivery Trucks Year 1 Year 2 3 (33.25 KiB) Viewed 28 times

: Question 11 Yoshi Company Completed The Following Transactions And Events Involving Its Delivery Trucks Year 1 Year 2 4 (18.94 KiB) Viewed 28 times

: Question 11 Yoshi Company Completed The Following Transactions And Events Involving Its Delivery Trucks Year 1 Year 2 5 (18.84 KiB) Viewed 28 times

: Question 11 Yoshi Company Completed The Following Transactions And Events Involving Its Delivery Trucks Year 1 Year 2 6 (30.52 KiB) Viewed 28 times

Required 1A Required 1B Required 1C Calculate depreciation for Year 2. Total cost Less accumulated depreciation (from Year 1) Book value Less revised salvage value Remaining cost to be depreciated Years of life remaining Total depreciation for Year 2 < Required 1A

Required 1A Required 1B Required 1C Calculate book value and gain (loss) for sale of Truck on Decembe Depreciation expense (for Year 1) Depreciation expense (for Year 2) Depreciation expense (for Year 3) Accumulated depreciation 12/31/Year 3 Book value of truck at 12/31/Year 3 Total cost Accumulated depreciation Book value < Required 1A

Record the total cost of the new delivery truck. Note: Enter debits before credits. Date January 01, Year 1 5 Record entry General Journal Clear entry Debit Credit View general journal

N m Note: Enter debits before credits. Date December 31, Year 1 Record entry Record the year-end adjusting entry for the depreciation expense of the delivery truck. 4 5 General Journal Clear entry Debit Credit View general journal

Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Date December 31, Year 2 5 Record entry General Journal Clear entry Debit Credit View general journal

Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Date December 31, Year 3 Record entry General Journal Clear entry Debit Credit View general journal

2 Record the sale of the delivery truck for $5,300 cash. Note: Enter debits before credits. Date December 31, Year 3 Record entry 4 General Journal Clear entry Debit Credit View general journal