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    trademark97's Avatar
    trademark97 Posts: 1, Reputation: 1
    New Member
     
    #1

    Dec 14, 2013, 03:30 PM
    Homework help
    Can't solve these 2 adjustments


    1.
    Month end was exactly one quarter of the way through a pay period. No wages have been paid yet, but on the next pay day the salaries paid will be: 11,900.00

    2.
    Office Equipment: 30,100.00
    Accumulated Amortization at start of period: 15,000.00
    Salvage Value: 100.00
    Useful Life: 6 years
    Adjust for whole year
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
     
    #2

    Dec 14, 2013, 10:22 PM
    1.
    Month end was exactly one quarter of the way through a pay period. No wages have been paid yet, but on the next pay day the salaries paid will be: 11,900.00

    Debit salaries expense and credit salaries payable 2975 (11900/4)
    2.
    Office Equipment: 30,100.00
    Accumulated Amortization at start of period: 15,000.00
    Salvage Value: 100.00
    Useful Life: 6 years
    Adjust for whole year
    Debit Dep expense credit acc dep 5000 [(30100-100)/6]

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