d share 3. Office equipment depreciated $3,000 per year 4. The amount of rent received...
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d share 3. Office equipment depreciated $3,000 per year 4. The amount of rent received in advance that remains unearned at September 30 is $400 Instructions Using the above additional information, prepare the adjusting entries that should be made by Scotsman Company on September 30 Cash Q.2 Trench and Fog Garment Company purchased equipment on June 1 for $108,000, paying $24,000 cash and signing a 6%, 2-month note for the remaining balance. The equipment is expected to depreciate $24,000 each year. Trench and Fog Garment Company prepares monthly financial statements Note pa Dee int P Instructions (a) Prepare the general journal entry to record the acquisition of the equipment on June 1st 30th. Garment Company's statement of financial position on June 30th. 21 Dec (b) Prepare any adjusting jounal entries that should be made on June (c) Show how the equipment will be reflected on Trench and Fog Note P Paya
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