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Author Archives: Anonymous

An argument in which the premises lead to a probable conclus…

An argument in which the premises lead to a probable conclusion. 

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On January 1, 20X1, Johnson Consulting purchased a truck for…

On January 1, 20X1, Johnson Consulting purchased a truck for $32,400. The truck is expected to last 60 months and have no salvage value. Calculate the book value of the truck on December 31, 20X2.  

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The act of judging is expressed with:

The act of judging is expressed with:

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The account credited in the adjusting entry made to record t…

The account credited in the adjusting entry made to record the expiration of a portion of prepaid rent is the:  

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Equipment cost $43,200 and is expected to be useful for 4 ye…

Equipment cost $43,200 and is expected to be useful for 4 years and have no salvage value. Under the straight-line method, monthly depreciation will be:  

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It is not possible for accounts with $0 balances in the tria…

It is not possible for accounts with $0 balances in the trial balance section of the worksheet to have a positive balance within the adjusted trial balance section of the worksheet.

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Transactions in a journal are initially recorded in:

Transactions in a journal are initially recorded in:

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The journal entry to record the purchase of equipment for $6…

The journal entry to record the purchase of equipment for $630 and Furniture for $370 in a single transaction would include:

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A company purchased equipment costing $13,800. They paid $1,…

A company purchased equipment costing $13,800. They paid $1,280 right away and agreed to pay the balance in 30 days, the journal entry to record the purchase of equipment would include:

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The Posting Reference column of a journal is used to:

The Posting Reference column of a journal is used to:

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