ACCT 2001 : Accounting 2001 Final Review W/ Answers
Document Summary
Hatfield 2 would include a: credit to truck, debit to note payable, credit to note payable, debit to an expense account, on december 31, 2011, salaries owed to employees total ,350 and will be paid on. Beginning inventory 35 units at per unit. The yearend accounts receivable are ,000 and 2% are estimated uncollectible. Allowance for doubtful accounts prior to adjustment has a debt balance of ,400. The amount of the adjusting entry is: uses same numbers on test: ,400, ,100. Hatfield 4: ,500, ,900, the mitchell global company accepts a note in exchange for the sale of goods. ,000 and ,000 was spent for demolishing an old building on the land before construction of a new building could start. Assuming a revised estimated total life of 6 years __ change in the salvage value, the depreciated expense for the year should be:
