FINANCIAL+MANAG.ACCT.-CONNECT ACCESS
FINANCIAL+MANAG.ACCT.-CONNECT ACCESS
9th Edition
ISBN: 9781264098668
Author: Wild
Publisher: MCG
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Chapter 6, Problem 4E
To determine

Concept Introduction: Cash management is a system that allows efficiency in receipt and payment, not cash. Its main aim is to encourage the collection of receivables, promote planned expenditure, keep only necessary assets, and encourage investment of excess cash.

The adjustment entry to record depreciation on December 31.

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