Business, 31.05.2020 05:59 boss1373

G Willow Creek Company purchased and installed carpet in its new general offices on April 30 for a total cost of $18,000. The carpet is estimated to have a 15-year useful life and no residual value. a. Prepare the journal entry necessary for recording the purchase of the new carpet. If an amount box does not require an entry, leave it blank. Apr. 30 b. Record the December 31 adjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek uses the straight-line method. Do not round intermediate calculations. If an amount box does not require an entry, leave it blank. Dec. 31

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Answer from: brendacauani12345

a. The journal entry for recording the purchase of the new carpet would be as follows:

April 30Debit Credit

Carpet$18,000

Cash $18,000

b. The journal entry would be as follows:

December 31 Debit Credit

Depreciation expense - carpet$800

Accumulated depreciation- carpet $800

Explanation:

a. The journal entry for recording the purchase of the new carpet would be as follows:

April 30Debit Credit

Carpet$18,000

Cash $18,000

b. According to the given data, the carpet is estimated to have a 15-year useful life and no residual value, therefore the December 31 adjusting entry for the partial-year depreciation expense for the carpet would be to debit Depreciation expense - carpet for $800 and to credit Accumulated depreciation- carpet for $800.

The journal entry would be as follows:

December 31 Debit Credit

Depreciation expense - carpet$800

Accumulated depreciation- carpet $800

Answer from: Quest

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7. customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

Answer from: Quest

Idumb sorry idk but try ur best!

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