Question 15 of 17 Current Attempt in Progress Blue Spruce Corp. uses the straight-line method of depreciation. The company's fiscal year end is December 31. The following transactions occurred during 2022. Purchased equipment from the Kingbird, Iinc. for $35,000 plus sales tax of $3,150 and shipping costs of $630. Jan. May 13 Incurred $392 routine maintenance on the equipment. Dec. 31 Recorded 2022 depreciation on the basis of a 3-year life and estimated salvage value of $13.580. Prepare the necessary entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Question 15 of 17
Current Attempt in Progress
Blue Spruce Corp. uses the straight-line method of depreciation. The company's fiscal year end is December 31. The following
transactions occurred during 2022.
Purchased equipment from the Kingbird, Inc. for $35,000 plus sales tax of 53.150 and shipping costs of $630.
Jan.
May 13
Incurred $392 routine maintenance on the equipment.
Dec. 31
Recorded 2022 depreciation on the basis of a 3-year life and estimated salvage value of $13.580.
Prepare the necessary entries. (Credit account titles are automatically indented when the amount is entered. Do not indent
manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
Transcribed Image Text:Question 15 of 17 Current Attempt in Progress Blue Spruce Corp. uses the straight-line method of depreciation. The company's fiscal year end is December 31. The following transactions occurred during 2022. Purchased equipment from the Kingbird, Inc. for $35,000 plus sales tax of 53.150 and shipping costs of $630. Jan. May 13 Incurred $392 routine maintenance on the equipment. Dec. 31 Recorded 2022 depreciation on the basis of a 3-year life and estimated salvage value of $13.580. Prepare the necessary entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
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