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Kansas Enterprises purchased equipment for $81,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $6,450 at the end of ten years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be: Multiple Choice $8,150 and $58,750. $8,150 and $65,200. $7,505 and $66,490. O $7,505 and $60,040. O
Presented below is a partial amortization schedule for Premium Foods: Interest Expense Cash Paid Period Issue Date Increase in Carrying Value Carrying Value $85,950 85,288 84,600 $4,100 4,100 $3,438 3,412 $662 2 688 Required: 1. & 2. Record the bond issue assuming the face value of bonds payable is $76,000 and first interest payment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Vlew transaction list Journal entry worksheet < 1 2 > Record the bond issue. Note: Enter debits before credits. Event General Journal Debit Credit 1