Prepare Journal Entries for the Following

question 116

Essay

Prepare journal entries for the following
$\begin{array}{|l|l|}\hline\text { November 1,2009 } & \begin{array}{l}\text { Purchased machinery for } \$ 93,600 \text { with a } \$ 7,200 \text { residual value and a } \\\text { six year life by paying } \$ 14,400 \text { down and the balance with a Note } \\\text { Payable. (Ignore interest) }\end{array} \\\hline \begin{array}{l}\text { December 31, } \\2009\end{array} & \begin{array}{l}\text { Record the adjusting entry for depreciation using the straight line } \\\text { method to the nearest month. }\end{array} \\\hline \text { July } 1,2010 & \text { Sold the equipment for } \$ 81,600 \text { cash and paid off the Note payable. }\\\hline\end{array}$

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Definitions:

Autism Spectrum Disorder

A syndrome characterized by significant social interaction and communication issues, along with narrow and repetitive behaviors and thoughts.

Mirroring Others' Actions

The subconscious imitation of the gestures, speech patterns, or attitudes of another person, often as a social bonding mechanism.

Brain Areas

Refer to specific regions within the brain that are responsible for different functions and processes, such as the frontal lobes for decision making and the hippocampus for memory.

Unfamiliar Setting

A situation or environment that is not known or recognized by an individual, often leading to feelings of discomfort or anxiety due to unfamiliarity.