Balance of Depreciation ExpenseThe trial balance for Ariel Certified Cleaners appears as follows:Ariel Certified CleanersTrial BalanceSept. 30, 2015DebitCreditCashB117,880Accounts Receivable264,940Prepaid Insurance34,000Cleaning SuppliesLand73,740180,000Building1,850,000Accumulated Depreciation - BuildingB456,000Accounts Payable204,000Uneamed Cleaning Revenues16,000Mortgage PayableAriel, CapitalAriel, Withdrawals1,100,000565,600100,000Cleaning RevenuesSalaries Expense1,576,3401,013,300Cleaning Equipment Rental Expense60,000Delivery Truck Expense43,740Interest Expense110,000Other Expense70,340Total :P3,917,940P3,917,940Your answer Balance of AccumulatedDepreciation - BuildingThe trial balance for Ariel Certified Cleaners appears as follows:Ariel Certified CleanersTrial BalanceSept. 30, 2015DebitCreditCashB117,880Accounts Receivable264,940Prepaid Insurance34,000Cleaning Supplies73,740Land180,000Building1,850,000Accumulated Depreciation - Building9456,000Accounts Payable204,000Uneamed Cleaning Revenues16,000Mortgage Payable1,100,000Ariel, Capital565,600Ariel, Withdrawals100,000Cleaning Revenues1,576,340Salaries Expense1,013,300Cleaning Equipment Rental Expense60,000Delivery Truck ExpenseInterest Expense43,740110,000Other Expense70,340Total :P3,917,940P3,917,940Your answer

A decrease in the value of an asset over a period of time / over a useful life is known as…

Answered: Balance of Deprec

Business

Accounting

Balance of Deprec

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section19.3: Journalizing Depreciation Expense

Problem 1OYO

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