Adjusting entry: On 30 April 2020, Count-On-Us Pty Ltd purchased new office equipment for $20,000 to use in running the virtual conference event. The depreciation charge for the office equipment is $3,000 per year. Instructions: Record the adjusting entry for the year ending 30 June 2020 by selecting the correct accounts and amounts that are debited and credited.
Adjusting entry: On 30 April 2020, Count-On-Us Pty Ltd purchased new office equipment for $20,000 to use in running the virtual conference event. The depreciation charge for the office equipment is $3,000 per year. Instructions: Record the adjusting entry for the year ending 30 June 2020 by selecting the correct accounts and amounts that are debited and credited.
Chapter1: Financial Statements And Business Decisions
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Instructions: Record the adjusting entry for the year ending 30 June 2020 by selecting the correct accounts and amounts that are debited and credited.
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