Tim's Electrical Service Purchased Tools for $4,000 $$\begin{array} { | l | l | } \hline \text { Depreciation Expense } & 200 \\\hline \text { Equipment } & 200 \\\hline\end{array}$$

question 51

Multiple Choice

Tim's Electrical Service purchased tools for $4,000.They have an expected life of 20 months and no residual value.The adjusting journal entry for the month is:

• A) \[\begin{array} { | l | l | }
• \hline \text { Depreciation Expense } & 200 \\
• \hline \text { Equipment } & 200 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | l | }
• \hline \text { Depreciation Expense } & 200 \\
• \hline \text { Accumulated Depreciation } & 200 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | l | }
• \hline \text { Accumulated Depreciation } & 200 \\
• \hline \text { Depreciation Expense } & 200 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | l | }
• \hline \text { Accumulated Depreciation } & 200 \\
• \hline { \text { Equipment } }&200 \\
• \hline
• \end{array}\]

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Definitions:

Sample Statistic

A numerical measure that describes some characteristic of a sample of data.

Special Causes

Unusual or non-random factors that cause variation in a process, distinguished from common causes that are inherent to the process.

Quantitative Sample Statistic

A numerical measurement that describes an attribute of a sample of a population.

Statistical Quality Control

A method of using statistical methods to monitor and control a process to ensure that it operates at its full potential to produce conforming product.