Prepare the Journal Entries to Record the Following Transactions for Ogleby

question 15

Essay

Prepare the journal entries to record the following transactions for Ogleby Company which has a calendar year end and uses the straight-line method of depreciation.
a) On September 30 2017 the company exchanged old delivery equipment and $36000 for new delivery equipment. The old delivery equipment was purchased on January 1 2015 for $126000 and was estimated to have a $18000 salvage value at the end of its 5-year life. Depreciation on the delivery equipment has been recorded through December 31 2016. It is estimated that the fair value of the old delivery equipment is $54000 on September 30 2017.
(b) On June 30 2017 the company exchanged old office equipment and $40000 for new office equipment. The old office equipment originally cost $80000 and had accumulated depreciation to the date of disposal of $35000. It is estimated that the fair market value of the old office equipment on June 30 was $60000. The transaction has commercial substance.

Understand the demographic characteristics of family abusers.

Discuss the risk factors associated with different types of family abuse.

Analyze the prevalence of family violence across different income strata.

Propose reforms for protective services for children using sociological concepts.

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Definitions:

Two Pages

Two pages typically refer to the extent of content that fills two sides of a sheet of paper, often highlighting the concise or brief nature of the material.

Resume

A written compilation of a person's education, work experience, credentials, and accomplishments intended to secure employment.

Leisure Activities

Non-work related activities engaged in for pleasure, relaxation, and personal fulfillment.

Appropriate Work Environment

A workplace setting that is conducive to productivity and well-being, free from harassment, discrimination, and hazards.