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ACC 291T Week 4 Practice: Connectu00ae Knowledge Check//tutorfortune.com<br><br>Click on below link to buy<br>https://tutorfortune.com/products/acc-291t-week-4-practice-connect-knowledge-check<br><br>ACC 291T Week 4 Practice: Connectu00ae Knowledge Check<br><br>Complete the Week 4 Knowledge Check in Connectu00ae.<br><br>Note: You have unlimited attempts available to complete this practice assignment. The highest scored attempt will be recorded.<br><br>These assignments have earlier due dates, so plan accordingly.<br><br>Grades must be transferred manually to eCampus by your instructor. Donu2019t worry, this might happen after your due date.<br><br>Rose Bush Nursery purchased a delivery truck for $40,000. The truck is expected to have a useful life of 5 years and a residual value of $2,800. The company uses the straight-line method of depreciation. If the truck was purchased on June 1, 2019, what is the amount of depreciation expense for the truck for the year ended December 31, 2019?<br><br>Multiple Choice<br><br>$2,800<br><br>$3,100<br>$7,440<br><br>$4,340<br><br>The ending merchandise inventory is recorded on the worksheet in the<br><br>Multiple Choice<br><br>Income Statement Debit column only.<br><br>Income Statement Credit column only<br><br>Income Statement Credit and the Balance Sheet Debit columns.<br>Balance Sheet Debit column only.<br><br>After both of the entries for the inventory adjustment have been posted, the debit in the Income Summary account represents:<br><br>Hugh Morris Company pays weekly wages of $15,000 every Friday for a five day week ending on that day. If the last day of the year is on Tuesday, the adjusting entry to record the accrued wages is:<br><br>Multiple Choice<br><br>debit Wages Expense $6,000; credit Drawing $6,000<br>debit Wages Expense $6,000; credit Wages Payable $6,000<br><br>debit Wages Expense $15,000; credit Cash $15,000<br><br>debit Wages Expense $9,000; credit Wages Payable $9,000<br>ACC 291T Week 4 Practice: Connectu00ae Knowledge Check<br><br>Click on below link to buy<br>https://tutorfortune.com/products/acc-291t-week-4-practice-connect-knowledge-check<br><br><br>
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ACC 291T Week 4 Practice: Connect® Knowledge Check//tutorfortune.com Click on below link to buy https://tutorfortune.com/products/acc-291t-week-4-practice-connect-knowledge-check A C C 2 9 1 T We e k 4 P r a c t i c e : C o n n e c t ® K n o w l e d g e C h e c k C o mp l e t e t h e We e k 4 K n o w l e d g e C h e c k i n C o n n e c t ® . N o t e : Y o u h a v e u n l i mi t e d a t t e mp t s a v a i l a b l e t o c o mp l e t e t h i s p r a c t i c e a s s i g n me n t . T h e h i g h e s t s c o r e d a t t e mp t w i l l b e r e c o r d e d . T h e s e a s s i g n me n t s h a v e e a r l i e r d u e d a t e s , s o p l a n a c c o r d i n g l y . G r a d e s mu s t b e t r a n s f e r r e d ma n u a l l y t o e C a mp u s b y y o u r i n s t r u c t o r . D o n ’ t w o r r y , t h i s mi g h t h a p p e n a f t e r y o u r d u e d a t e . R o s e B u s h N u r s e r y p u r c h a s e d a d e l i v e r y t r u c k f o r $ 4 0 , 0 0 0 . T h e t r u c k i s e x p e c t e d t o h a v e a u s e f u l l i f e o f 5 y e a r s a n d a r e s i d u a l v a l u e o f $ 2 , 8 0 0 . T h e c o mp a n y u s e s t h e s t r a i g h t - l i n e me t h o d o f d e p r e c i a t i o n . I f t h e t r u c k w a s p u r c h a s e d o n J u n e 1 , 2 0 1 9 , w h a t i s t h e a mo u n t o f d e p r e c i a t i o n e x p e n s e f o r t h e t r u c k f o r t h e y e a r e n d e d D e c e mb e r 3 1 , 2 0 1 9 ? Mu l t i p l e C h o i c e $ 2 , 8 0 0 $ 3 , 1 0 0 $ 7 , 4 4 0 $ 4 , 3 4 0 T h e e n d i n g me r c h a n d i s e i n v e n t o r y i s r e c o r d e d o n t h e w o r k s h e e t i n t h e Mu l t i p l e C h o i c e I n c o me S t a t e me n t D e b i t c o l u mn o n l y . I n c o me S t a t e me n t C r e d i t c o l u mn o n l y I n c o me S t a t e me n t C r e d i t a n d t h e B a l a n c e S h e e t D e b i t c o l u mn s . B a l a n c e S h e e t D e b i t c o l u mn o n l y . A f t e r b o t h o f t h e e n t r i e s f o r t h e i n v e n t o r y a d j u s t me n t h a v e b e e n p o s t e d , t h e d e b i t i n t h e I n c o me S u mma r y a c c o u n t r e p r e s e n t s :
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