To prepare Journal Entry - In the beginning of the assignment. I wrote a...
60.1K
Verified Solution
Link Copied!
Question
Accounting
To prepare Journal Entry -
In the beginning of the assignment. I wrote a check for $300 dated 8/1/22 to Landscape Licensing Services and the term is from today (8/1/22 through the next 6 months. This is to pay for semi-annual landscape design license.
Please prepare Journal Entry for the two questions -
1. Since the landscape design license was for a one-half of a year you will to amortize that appropriately and account for the month's amortization of this professional license.
2. Monthly depreciation on the fixed asset truck: $112.50.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
