Business, 06.08.2021 20:40, addisynshepherd

Sheridan Company sells office equipment on July 31, 2022, for $22,700 cash. The office equipment originally cost $83,740 and as of January 1, 2022, had accumulated depreciation of $35,340. Depreciation for the first 7 months of 2022 is $3,870. Prepare the journal entries to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 10:40, meillsss

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?

Answers: 1

continue

Business, 22.06.2019 11:00, ilovecatsomuchlolol

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units. required: prepare a production budget by month and in total, for the second quarter.

Answers: 3

continue

Business, 22.06.2019 16:20, tristan4233

Carlos hears juan and rita’s complaints about the new employees with whom they have to work with, as well as their threats to quit the company. if carlos were to reassign juan and rita to new, unique roles and separate them from the ronny and bill, it would signal that carlos has moved into the stage of managing resistance.

Answers: 3

continue

Business, 22.06.2019 21:00, ilovecatsomuchlolol

Mr. beautiful, an organization that sells weight training sets, has an ordering cost of $40 for the bb-1 set. (bb-1 stands for body beautiful number 1.) the carrying cost for bb-1 is $5 per set per year. to meet demand, mr. beautiful orders large quantities of bb-1 seven times a year. the stockout cost for bb-1 is estimated to be $50 per set. over the past several years, mr. beautiful has observed the following demand during the lead time for bb-1: demand during lead time probability40 0.150 0.260 0.270 0.280 0.290 0.1total 1.0the reorder point for bb-1 is 60 sets. what level of safety stock should be maintained for bb-1?

Answers: 3

continue

Do you know the correct answer?

Sheridan Company sells office equipment on July 31, 2022, for $22,700 cash. The office equipment ori...