Asset Cost:Less: Residual ValueDepreciable AmountDepreciationmethodDepreciation p.a:Date30/06/201830/06/201930/06/2020Computers Depreciation Worksheet - Snow Lake Pty Ltd$66,000$ N/A$66,000Reducing Balance(Diminishing Balance)30%Asset Cost$66,00046,20032,340Depreciation$19,80013,8609,702AccumulatedDepreciation$19,80033,66043,362Carrying Amount atthe end$46,20032,34022,6382020142015142001444 Using the information from your worksheet above, prepare appropriate journal entries to record the sale ofthe computers on 28 February 2021 for $19,800 cash (inclusive of GST). Please check your textbook toprovide the correct procedure of the journal entries for disposal.Answer:DateGeneral JournalParticularsIDebitCredit

Depreciation Depreciation is the method that involves taking the whole cost of something pricey you…

Using the information from your worksheet above, prepare appropriate journal entries to record the sale of the computers on 28 February 2021 for $19,800 cash (inclusive of GST). Please check your textbook to provide the correct procedure of the journal entries for disposal. Answer: Date General Journal Particulars Debit Credit

Using the information from your worksheet above, prepare appropriate journal entries to record the sale of the computers on 28 February 2021 for $19,800 cash (inclusive of GST). Please check your textbook to provide the correct procedure of the journal entries for disposal. Answer: Date General Journal Particulars Debit Credit

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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Could some one help me fill in the rest of the eleven column journal? Need help as soon as possible Instructions: Post the amounts from entries in the accounts receivable and accounts payable special amount columns in the journal to the appropriate subsidiary ledgers.
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