(b) Prepare the general journal entries, if any, the accountant should make at December 31, 2023. Factor in tax effects. The company has a 25% tax rate for 2019 to 2023. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round the rate of deprecition under double decling balance method to 5 decimal places, ie. 13.33333%. Round answers to O decimal places, e.g. 5,125.) Date Account Titles and Explanation Dec. 31, 2023 Dec. 31, 2023 (To correct for the omission of depreciation expense in 2020) Dec. 31, 2023 (To adjust for change in depreciation method) (To record adjusting entry for depreciation) Save for Later Debit Credit Attempts: 0 of 1 used Submit Answer

(b) Prepare the general journal entries, if any, the accountant should make at December 31, 2023. Factor in tax effects. The company has a 25% tax rate for 2019 to 2023. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round the rate of deprecition under double decling balance method to 5 decimal places, ie. 13.33333%. Round answers to O decimal places, e.g. 5,125.) Date Account Titles and Explanation Dec. 31, 2023 Dec. 31, 2023 (To correct for the omission of depreciation expense in 2020) Dec. 31, 2023 (To adjust for change in depreciation method) (To record adjusting entry for depreciation) Save for Later Debit Credit Attempts: 0 of 1 used Submit Answer

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 5C: It is February 16, 2020, and you are auditing Davenport Corporation's financial statements for 2019...

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please answer part b.
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