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Is a journal entry required when switching from straight line to sum-of-the-years'-digit?
Yes journal entry to adjust the depreciation charge is required while shifting from one method to another method.
What accounts might be placed first in a proper journal entry?
Typically, the accounts that are credited are placed first in a journal entry, followed by the accounts that are debited. The credit account is listed on the first line with the credit amount, and the debit account is listed below with the debit amount.
Journal entry for investment?
Today, I made a new investment in a diversified mutual fund to further enhance my investment portfolio. This decision aligns with my long-term financial goals and risk tolerance. I will continue to monitor the performance of this investment regularly to ensure it remains in line with my objectives.
When cash is received from sales which account is listed on the first line of the entry?
When cash is received from sales, the account listed on the first line of the journal entry is typically the "Cash" account. This account is debited to reflect the increase in cash assets. The corresponding credit entry usually goes to the "Sales Revenue" account, recognizing the income earned from the sale.
How do you record transactions in a general journal?
To record transactions in a general journal, start by writing the date of the transaction at the top of the entry. Next, list the accounts affected, with the debit account first and the credit account below it, ensuring that debits and credits are recorded in equal amounts. Include a brief description of the transaction for clarity. Finally, draw a line under the entry to indicate it is complete and to separate it from future entries.
For which of the following reasons does the Wall Street Journal use a lot of bar graphs and line graphs?
to target buisness people with information
When did Chestnut Street - BMT Fulton Street Line - end?
Chestnut Street - BMT Fulton Street Line - ended in 1956.
When was Chestnut Street - BMT Fulton Street Line - created?
Chestnut Street - BMT Fulton Street Line - was created in 1894.
When was Essex Street - BMT Nassau Street Line - created?
Essex Street - BMT Nassau Street Line - was created in 1908.
When was Broad Street - BMT Nassau Street Line - created?
Broad Street - BMT Nassau Street Line - was created in 1931.
When was Court Street - IND Fulton Street Line - created?
Court Street - IND Fulton Street Line - was created in 1936.
When did Court Street - IND Fulton Street Line - end?
Court Street - IND Fulton Street Line - ended in 1946.
