Question

On January 1, a company purchased equipment that cost $10,000. The company has not yet recorded depreciation, which is estimated at $1,800 per year. The company will prepare financial statements at the end of January. Complete the necessary journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answer 1

Answer:

The company has not yet recorded depreciation, which is estimated at $1,800 per year. The company will prepare financial statements at the end of January. Complete the necessary journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answer 2

1. equipment-$10,000
2. equipment-$1800
3. equipment=10,000-1800
4. =8200