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    Quindaro's Avatar
    Quindaro Posts: 1, Reputation: 1
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    #1

    Feb 10, 2013, 05:04 PM
    Harris Company
    The Harris Company purchased a computer for $3,000 on December 1. It is estimated that annual depreciation on the computer will be $600. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Feb 10, 2013, 05:09 PM
    Your adjusting entry will be to record the depreciation.
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