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amyna

  • one year ago

this is an accounting question, i get the accounting part but not the math part. The Josey Company purchased equipment for $21,000 on October 1. It is estimated that annual depreciation on the computer will be $7,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: the answer is $1750. i don't get where the number 1750 came from! please help!

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  1. welshfella
    • one year ago
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    Hint:- october 1 to december31 is 1/4 of the yesr

  2. welshfella
    • one year ago
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    $7000 per year how much per 1/4 of the year?

  3. amyna
    • one year ago
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    ahh! okay i got it lol! thanks :)

  4. welshfella
    • one year ago
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    yw

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