Each adjusting entry can only affect a balance sheet account.

On January.1 2017, CalTech purchases computer equipment for $154,000 to use in operating activities for four years. It estimates the equipment's salvage value at $25,000. a. Prepare tables showing depreciation and book value for each of the four years assuming (1) straight-line and (2) double-declining-balance depreciation. b. Prepare the necessary December 31 adjusting journal entry to record depreciation for the year 2018 assuming the company uses (1) straight-line and (2) double-declining-balance depreciation.

A、Adjusting Entry

B、Closing Entry

C、General ledger

D、Depreciable Cost

A．prepaid insurance

B．insurance expense

C．office supplies

D．income summary

A、prepaid insurance

B、insurance expense

C、office supplies

D、income summary

A、Increase an expense; increase a liability.

B、Increase an asset; increase revenue.

C、Decrease a liability; increase revenue.

D、Increase an expense; decrease an asset.

E、Increase an expense; decrease a liability.

A、Increase an expense; increase a liability.

B、Increase an asset; increase revenue.

C、Decrease a liability; increase revenue.

D、Increase an expense; decrease an asset.

E、Increase an expense; decrease a liability.

000. (1) please compute the amount of the accrued interest on the note through December 31. (2)What is the adjusting entry for the accrued interest at December 31 on the note？

d the recognition of an expense at the end of an accounting period？ ()

A、The entry to accrue salaries owed to employees at the end of the period.

B、The entry to record revenue earned but not yet collected or recorded.

C、The entry to record earned portion of rent previously received in advance from a tenant.

D、The entry to write off a portion of unexpired insurance.