42. The trial balance for Greenway Corporation appears as follows Greenway Corporation Trial Balance December 31. 2022 $ 300 522 82 180 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 4,000 $ 600 384 1,200 1,400 3,000 1,000 500 $6.584 $6.584 If the estimated depreciation for equipment were $600, the adjusting entry would contain a a credit to Accumulated Depreciation, Equipment for $600. b. credit to Depreciation Expense, Equipment for $600. e debit to Accumulated Depreciation, Equipment for $600 d credit to Equipment for $600.

42. The trial balance for Greenway Corporation appears as follows Greenway Corporation Trial Balance December 31. 2022 $ 300 522 82 180 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 4,000 $ 600 384 1,200 1,400 3,000 1,000 500 $6.584 $6.584 If the estimated depreciation for equipment were $600, the adjusting entry would contain a a credit to Accumulated Depreciation, Equipment for $600. b. credit to Depreciation Expense, Equipment for $600. e debit to Accumulated Depreciation, Equipment for $600 d credit to Equipment for $600.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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