Question 7 7. Yearly depreciation on office equipment amounts to $2,400. The journal entry required to record the depreciation from June 1st to Aug 31st, 2019 will be: O Debit depreciation expense $400, credit accumulated depreciation $400 O Debit depreciation expense $600, credit accumulated depreciation $600 O Debit Equipment $24,000, credit cash $24,000. O Debit accumulated depreciation $400, credit depreciation expense $400
Question 7 7. Yearly depreciation on office equipment amounts to $2,400. The journal entry required to record the depreciation from June 1st to Aug 31st, 2019 will be: O Debit depreciation expense $400, credit accumulated depreciation $400 O Debit depreciation expense $600, credit accumulated depreciation $600 O Debit Equipment $24,000, credit cash $24,000. O Debit accumulated depreciation $400, credit depreciation expense $400
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 7PA: Using the following information: A. make the December 31 adjusting journal entry for depreciation B....
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![Question 7
7. Yearly depreciation on office equipment amounts to $2,400. The journal entry required to record the depreciation from June 1st to Aug 31st, 2019 will be:
O Debit depreciation expense $400, credit accumulated depreciation $400
O Debit depreciation expense $600, credit accumulated depreciation $600
O Debit Equipment $24,000, credit cash $24,000
O Debit accumulated depreciation $400, credit depreciation expense $400](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe14847a5-1eac-4b20-a3ba-bf58107b4c65%2Fbbc17f55-64e0-42ad-ac70-9cee0caaa00a%2Fjft6wta_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 7
7. Yearly depreciation on office equipment amounts to $2,400. The journal entry required to record the depreciation from June 1st to Aug 31st, 2019 will be:
O Debit depreciation expense $400, credit accumulated depreciation $400
O Debit depreciation expense $600, credit accumulated depreciation $600
O Debit Equipment $24,000, credit cash $24,000
O Debit accumulated depreciation $400, credit depreciation expense $400
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