Answer the Following Questions.(Show Your Work.)

question 87

Essay

Answer the following questions.(Show your work.)
a.Equipment is purchased for $48,000,to be used for eight years.Assuming zero value at the end of eight years,what is the equipment's carrying value after two years and three months?
b.Prepaid Insurance has an $800 balance prior to adjustment.By year end,one-fourth has expired.What will be the balance in Prepaid Insurance after the adjusting entry has been made?
c.A company purchased $210 in supplies during the year,recorded $120 in Supplies Expense,and ended with $350 of supplies.What was the beginning balance of Supplies?

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Definitions:

Cornea

A transparent area on the front of the outer layer of the eye that acts as a window to let light into the eye.

Pupil

The opening at the center of the iris, which grows smaller or larger as the iris contracts or relaxes, respectively; it regulates the amount of light that enters the eye.

Lens

A clear, circular disc located in the eye, just posterior to the iris, that can change shape to help the eye focus images of objects that are near or far away.

Eye Safety

The practice of taking preventative measures to protect the eyes from injury, strain, or infection.