Depreciation on equipment for the year is $3,480. Required: (a) Record the journal entry if the company prepares adjustments once a year. (b) Record the journal entry if the company prepares adjustments on a monthly basis

See explanation section

Explanation:

A) To record the journal entry of annual adjustments of depreciation on equipment -

Debit        Depreciation expense - Equipment      $3,480

Credit         Accumulated depreciation                  $3,480

Note: As the depreciation expense $3,480 is for one year, the entire amount will be debited to adjust the expense.

B) To record the journal entry of monthly adjustments of depreciation on equipment -

Debit        Depreciation expense - Equipment      $290

Credit         Accumulated depreciation                  $290

Note: As the depreciation expense $3,480 is for one year, the monthly expense is = $(3,480/12) = $290 amount will be debited to adjust the expense for each month.

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.