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Ch 10-3 Exercises & Problems eBook Print Item Capital expenditure and depreciation Instructions Chart of Accounts Journal Instructions Willow Creek Company purchased and installed carpet in its new general offices on April 30 for a total cost of $35,136. The carpet is estimated to have a 16-year useful life and no residual value A. Prepare the journal entry necessary for recording the purchase of the new carpet. Refer to the Chart of Accounts for exact wording of account titles B. Record the December 31 acjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek Company uses the straight-line method. Refer to the Chart of Accounts for exact wording of account titles. Check My Work 2 more Check My Work uses remaining Previous Next Assignment Score: 50% All work saved Email InstructorSave and Exit Submit Assignment for Grading

Ch 10-3 Exercises & Problems eBook Print Item Capital expenditure and depreciation Instructions Chart of Accounts Journal Instructions Willow Creek Company purchased and installed carpet in its new general offices on April 30 for a total cost of $35,136. The carpet is estimated to have a 16-year useful life and no residual value A. Prepare the journal entry necessary for recording the purchase of the new carpet. Refer to the Chart of Accounts for exact wording of account titles B. Record the December 31 acjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek Company uses the straight-line method. Refer to the Chart of Accounts for exact wording of account titles. Check My Work 2 more Check My Work uses remaining Previous Next Assignment Score: 50% All work saved Email InstructorSave and Exit Submit Assignment for Grading

Financial & Managerial Accounting
Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter9: Fixed Assets And Intangible Assets
Section: Chapter Questions
Problem 9.3CP: Effect of depreciation on net income Tuttle Construction Co. specializes in building replicas of...
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I attached a picture of the question as well but put the text from the question as well incase it is too small to read. I don't know how to do this journal entry. Thanks!
 
Willow Creek Company purchased and installed carpet in its new general offices on April 30 for a total cost of $35,136. The carpet is estimated to have a 16-year useful life and no residual value.
A. Prepare the journal entry necessary for recording the purchase of the new carpet. Refer to the Chart of Accounts for exact wording of account titles.
B. Record the December 31 adjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek Company uses the straight-line method. Refer to the Chart of Accounts for exact wording of account titles.
Ch 10-3 Exercises & Problems eBook Print Item Capital expenditure and depreciation Instructions Chart of Accounts Journal Instructions Willow Creek Company purchased and installed carpet in its new general offices on April 30 for a total cost of $35,136. The carpet is estimated to have a 16-year useful life and no residual value A. Prepare the journal entry necessary for recording the purchase of the new carpet. Refer to the Chart of Accounts for exact wording of account titles B. Record the December 31 acjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek Company uses the straight-line method. Refer to the Chart of Accounts for exact wording of account titles. Check My Work 2 more Check My Work uses remaining Previous Next Assignment Score: 50% All work saved Email InstructorSave and Exit Submit Assignment for Grading
Transcribed Image Text:Ch 10-3 Exercises & Problems eBook Print Item Capital expenditure and depreciation Instructions Chart of Accounts Journal Instructions Willow Creek Company purchased and installed carpet in its new general offices on April 30 for a total cost of $35,136. The carpet is estimated to have a 16-year useful life and no residual value A. Prepare the journal entry necessary for recording the purchase of the new carpet. Refer to the Chart of Accounts for exact wording of account titles B. Record the December 31 acjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek Company uses the straight-line method. Refer to the Chart of Accounts for exact wording of account titles. Check My Work 2 more Check My Work uses remaining Previous Next Assignment Score: 50% All work saved Email InstructorSave and Exit Submit Assignment for Grading
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