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Central Carolina Technical College Operations And Supply Chain Management Assignment Help - Ryan Company


Question - 1. Ryan Company purchased a machine on July 1, 2013. The machine cost $250,000 and has a
salvage value of $10,000 and a useful life of eight years. The adjusting entry for the year ending
December 31, 2014, would include a debit to Depreciation Expense of
$30,000.
$15,000.
$31,250.
$15,625.
2. An adjusting entry will not take the format of which one of the following entries
A debit to an expense account and a credit to an asset account
A debit to an expense account and a credit to a revenue account
A debit to an asset account and a credit to a revenue account
A debit to a liability account and a credit to a revenue account
3. The Supplies on Hand account balance at the beginning of the period was $6,600. Supplies totaling
$12,8 ...Read More

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