Acquired building ; the cost $200,000 ; with estimated life 40 years. It will be depreciated over 40 years using straight line depreciation. Salvage value $20,000. How do I journalize this? I have Cash $200,000 Building $200,000 ...

Recorded services provided on account for the period April 1-12, $4200.00 Is this correct: DR- Accounts receivable CR- Unearned fees Paid Office station Co. for part of the debt incurred on April 5, $1200.00 Is this correct:

A company rented a front-end loader to Landscrapers, Inc at a $250 per day rate. Landscrapers, Inc. will settle their account when they return the loader. They expect to keep it about two or three weeks. On the day that the company rented the loader, how would you journalize it? The fact...

I've been trying to journalize this and think I've got it wrong: Assume a 4% service fee is charged by American Express. Record the entry for the transaction on the restaurant's books for Dr. Miller’s AMEX credit card transaction. The service fee is 2,000 x 4%=$80. The entry is Accounts...