Prepare the adjustment to accrue interest on the note payable from December 7th (24 days) the note was a three yr 8% for 11,000. What do I debit and credit for my adjusting journal entry?

Depreciation for the month: Factory equipment... $642.00 Office equipment... $369.70 What accounts are debited and credited?

Hi. I am unsure about the correct way to debit/credit these entries. Can someone help me? Window Washing Company opened on July 1, 2010. During July the following transactions were completed: July 1 Issued 14,456 shares of common stock for $14,456 cash. July 1 Purchased used truck for...

A piece of equipment that originally cost $70,000 was sold for $50,000 at a gain of $1000. A new piece of equipment was purchased to replace the one that was sold. It cost $100,000. A note was given for $80,000 and the balance of the equipment was paid for with cash. This transaction took place on...