Chapter 2 Review of the Accounting Process Problem 2–8 | Study Guide - Edubirdie

University:
Concordia University Wisconsin
Course:
ACCT 3100 | Intermediate Accounting I
Academic year:

2021
Views:

81

Pages:

1
Author:

Charlee Buchanan

Problem 2–8 1. Depreciation expense ($75,000 ÷ 8 years) ..................... Accumulated depreciation ..................................... 2. Wage expense ($4,500 – 3,000) .................................... Wages payable ....................................................... 3. Interest expense ($30,000 x 10% x 4/12) ......................... Interest payable ...................................................... 4. Supplies ...................................................................... Supplies expense .................................................... 5. Prepaid rent ................................................................ Rent expense .......................................................... 2–76 9,375 1,500 1,000 500 1,000 9,375 1,500 1,000 500 1,000

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