Prepare the journal entries for the following petty cash transactions of Williamson Dental Supplies. Omit explanations.
What will be an ideal response?
You might also like to view...
List the four categories of non-store retailing and briefly explain each
What will be an ideal response?
The stimulus-response model of buyer behavior assumes a prospect will respond in some unpredictable manner to a sales presentation.
Answer the following statement true (T) or false (F)
Exhibit 11-05Wilson is preparing his tax returns using the MACRS convention. The following information relates to the purchase of an asset on January 1, Year 1.
MACRS Depreciation as a Percentage of the Cost of the AssetYear of Life3 5 7 10 1 33.33% 20.00% 14.29% 10.00% 2 44.45% 32.00% 24.29% 18.00% 3 14.81% 19.20% 17.49% 14.40% 4 7.41% 11.52% 12.49% 11.52% 5 11.52% 8.93% 9.22% 6 5.76% 8.92% 7.37% 7 8.93% 6.55% 8 4.46% 6.55% 9 6.56% 10 6.55% 11 3.28% ? Cost$ 105,000 Estimated Economic Life7 Estimated residual value$ 15,000 Depreciation for Financial Statementsstraight-line MACRS life5 MACRS Method200%-declining-balance ? ? Refer to Exhibit 11-05, what amount of depreciation would be recorded on the income tax returns for year 5? A. $6,048 B. $15,000 C. $12,096 D. $0
All systems are composed of interrelated ________
A) subsystems B) enterprise systems C) database systems D) design systems