On January.01, the organization purchased a computer on credit, value 7,000$ It will be used for 3 years The expected selling value at the end of those 3 years is 1,250$ Straight line method To do : 1) Perform the January accounting cycle 2) Perform the February accounting cycle

On January.01, the organization purchased a computer on credit, value 7,000$ It will be used for 3 years The expected selling value at the end of those 3 years is 1,250$ Straight line method To do : 1) Perform the January accounting cycle 2) Perform the February accounting cycle

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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Question


On January.01, the organization purchased a computer on credit, value 7,000$
It will be used for 3 years
The expected selling value at the end of those 3 years is 1,250$
Straight line method

To do :
1) Perform the January accounting cycle

2) Perform the February accounting cycle

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