Select the correct entry to adjust the unadjusted trial balance for depreciation expense. Select one: O a. Debit to Depreciation Expense and a Credit to Accumulated Depreciation O b. Debit to Equipment and a credit to accumulated depreciation O . Debit to Accumulated Depreciation and a credit to Depreciation Expense O d. Debit to Cash and a Credit to Accumulated Depreciation

Select the correct entry to adjust the unadjusted trial balance for depreciation expense. Select one: O a. Debit to Depreciation Expense and a Credit to Accumulated Depreciation O b. Debit to Equipment and a credit to accumulated depreciation O . Debit to Accumulated Depreciation and a credit to Depreciation Expense O d. Debit to Cash and a Credit to Accumulated Depreciation

Name: Select the correct entry to adjust the unadjusted trial balance forde
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Description: Select the correct entry to adjust the unadjusted trial balance fordepreciation expense.Select one:O a. Debit to Depreciation Expense and a Credit to Accumulated DepreciationO b. Debit to Equipment and a credit to accumulated depreciationO c. Debit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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J. To record cash payment of a prepaid expense. Explanation Insurance Expense Journal Entries Prepaid Insurance Interest Receivable Interest Revenue Interest Expense Interest Payable Accounts Payable Cash Cash Accounts Receivable (from services) Prepaid Rent Cash Unearned Revenue Cash Services Revenue Unearned Revenue Depreciation Expense Accumulated Depreciation Salaries Expense Salaries Payable ma Dobit 3,180 3,300 2,208 1,700 12,300 500 19,250 4,200 38,217 13,280 Credit 3,180 3,300 2,208 1,700 12,300 500 19,250 4,200 38,217 13,280
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what type of account accumulated depreciation? and depreciation expense is and on what statement each account goes?
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true or false questions
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What does the credit balance in the Accumulated Depreciation account represent?
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Please check my work For journal entries 1 through 12, indicate the explanation that most closely describes it. You can use explanations more than once. To record receipt of unearned revenue. To record this period's earning of prior unearned revenue. To record payment of an accrued expense. To record receipt of an accrued revenue. To record an accrued expense. To record an accrued revenue. To record this period's use of a prepaid expense. To record payment of a prepaid expense. To record this period's depreciation expense.
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