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5/15/2020M2A1: Required Homework Questions-timothy hugheshttps://xlitemprod.pearsoncmg.com/api/v1/print/accounting2/371: Requirements(1) Acc. DepreciationContra AssetCostResidual ValueUseful Life(2) Acc. DepreciationContra AssetCostResidual ValueUseful Life(3) Acc. DepreciationContra AssetCostResidual ValueUseful Life(4) Accounts PayableCashComputer EquipmentAccumulated Depreciation–Computer EquipmentDepreciation Expense–Computer EquipmentPrepaid Expense(5) Accounts PayableCashComputer EquipmentAccumulated Depreciation–Computer EquipmentDepreciation Expense–Computer EquipmentPrepaid Expense(6) Accounts PayableCashComputer EquipmentAccumulated Depreciation–Computer EquipmentDepreciation Expense–Computer EquipmentPrepaid Expense(7) Accounts PayableCashComputer EquipmentAccumulated Depreciation–Computer EquipmentDepreciation Expense–Computer EquipmentPrepaid Expense(8) To record depreciation on computer equipment.To record the purchase of the computer equipment.To record the sale of the computer equipment.(9) Dec. 1Dec. 31(10) Dec. 1Dec. 31(11) Dec. 1Dec. 31(12) Dec. 1Dec. 31(13) Dec. 1Dec. 31(14) Dec. 1Dec. 31(15) Dec. 1Dec. 311.Calculate the amount of depreciation for the month of using the straight-line depreciation method.December2.Record the adjusting entry for depreciation on 31.December3.Post the purchase of 1 and the depreciation on 31 to T-accounts for the following accounts: Computer Equipment, Accumulated Depreciation Computer Equipment, and Depreciation Expense Computer Equipment. Show their balances at 31.DecemberDecember——December4.What is the computer equipment’s book value at 31?December
5/15/2020M2A1: Required Homework Questions-timothy hugheshttps://xlitemprod.pearsoncmg.com/api/v1/print/accounting3/372.(16) Dec. 1Dec. 31(17) Bal.(18) Bal.(19) Bal.(20) Bal.(21) Dec. 1Dec. 31(22) Dec. 1Dec. 31(23) Dec. 1Dec. 31(24) Dec. 1Dec. 31(25) Bal.(26) Bal.(27) Accounts PayableCashComputer EquipmentAccumulated Depreciation–Computer EquipmentDepreciation Expense–Computer EquipmentPrepaid Expense(28) Accounts PayableCashComputer EquipmentAccumulated Depreciation–Computer EquipmentDepreciation Expense–Computer EquipmentPrepaid Expense2: Data TableConsider the facts presented in the following table for :PeninsulaView(Clickthe icon to view the table.)2Complete the table by filling in the missing values.SituationABeginning Prepaid Rent1,200$Payments for Prepaid Rent during the year800Total amount to account for2,000Subtract: Ending Prepaid Rent900Rent ExpenseSituationB900$1,9008001,100$SituationC100$1,4001,100$SituationD200$1001,200$SituationABCDBeginning Prepaid Rent$1,200900$100$200$Payments for Prepaid Rent during the year800b1,400fTotal amount to account for2,0001,900ceSubtract: Ending Prepaid Rent900800d100Rent Expense$a1,100$1,100$1,200$
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