Journal entry for accumulated amortization
[DOC File]CHAPTER 10
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Accumulated Other Comprehensive Income (equity) 234. Additional Pension Liability 258. If the simplifying assumption is not made, then the changes in balances from 2003 suggest that the following journal entry was made: Accumulated Other Comprehensive Income (equity) 108. Deferred Pension Cost (intangible asset) 2. Additional Pension Liability ...
[DOC File]CHAPTER 21
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GENERAL JOURNAL Date Account Titles and Explanation Debit Credit Dec. 31 Advertising Supplies Expense ($75 – $50) 25 Advertising Supplies 25 31 Depreciation Expense, Baking Equipment 20 Accumulated Depreciation— Baking Equipment ($1,200 ÷ 60) 20 31 Amortization Expense—Website ($600 ÷ 24) 25 Accumulated Amortization—Website 25 31 ...
[DOC File]Chapter 12 Group Work - Texas Tech University
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Journal entry for cash short: debit cash and cash short and over, credit sales. ... Amortization . Definition: the amount of cost to transfer to expense. Results from: the passage of time or a decline in the usefulness of the intangible asset ... Journal entry: debit depletion expense, credit accumulated depletion.
[DOC File]Benedictine University
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The account balance (accumulated amount) is a part of accumulated other comprehensive income shown in stockholders’ equity on the balance sheet. PENSION WORKSHEET. Step 1: Enter the beginning balances in the columns. The net balance of the general . journal columns must equal the net balance of the memo record columns.
[DOC File]Chapter 16 Accounting for Plant Assets and Depreciation
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Prepare the journal entry to record 2018 amortization on the Patent. $170,000 = $21,250 * 4 yrs = $85,000. 8 yrs ($170,000 - $85,000 + $65,000) = $12,500 Amortization Exp.for 2010 and each yr beyond . 12 yrs. Amortization Expense $12,500. Accumulated Amortization $12,500
[DOC File]Accounting 115 - Personal Web Page | Information Technology
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This entry reduces Cash, so Line (9) decreases by $136,000. The recognition of income tax expense reduces Line (1), net income, by $120,000. Line (3) increases by $16,000 for an expense that used more cash than the amount of the expense. c. The journal entry and explanation for this part are the same as in Part b. above.
Amortization Expense Journal Entry | Example - Accountinguide
A journal entry needs to be prepared to show that both the asset and the accumulated depreciation have been reduced by the amount recorded for that asset and to show the cash received on the sale. With the following example: $5,000 (SP) -$5,000 (BV) = 0 so no gain or loss.
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