ANSWERS TO QUESTIONS

(b) Compound journal entry December 31, 2008: Accumulated Depreciation, Semitrucks 67,250 Semitrucks 47,000 Retained Earnings 6,450 Depreciation Expense 2008 13,800 PROBLEM 11-4 (Continued) Summary of Adjustments: Per Books As Adjusted Adjustment Dr. or (Cr.) ................
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