Homework Help: Financial Accounting

Posted by gdlola on Thursday, May 26, 2011 at 9:02pm.

I am so lost on this. I need to prepare adjusting journal entry for this.

The truck was acquired on August 1. Franklin estimates the truck will have a useful life of 5 years and no salvage value. The depreciation on the building has already been recorded.

In my general ledger is says truck = $26,000 and the building = 100,000
The building

No one has answered this question yet.

Answer this Question

Related Questions

accounting - Worthington Company issued $1,000,000 face value , six-year, 10% ...
Accounting - Horse Country Living publishes a monthly magazine for which a 12-...
Accounting - On June 1, Melendez Company borrows $90,000 from First Bank on a 6-...
accounting - Prepare a journal entry for the purchase of office supplies on ...
Accounting - On Hune 1, Coble Company Ltd. borrows $40,000 from first Bank on a ...
Accounting - #9 Unrecorded Liability: Adjusting Entry Refer to PE 4-8. (1) Make ...
Accounting - On June 1, Coble Company Ltd. borrows $64,000 from First Bank on a ...
accounting - An audit trail allows an individual to track a transaction from the...
College Accounting - An audit trail allows an individual to track a transaction ...
accounting - On January 1, 2008 Touring company agreed to buy some equipment ...

For Further Reading

First Name:
School Subject:
Answer: