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Accountıng Iı Deneme Sınavı Sorusu #1043405
Accountıng Iı Deneme Sınavı Sorusu #1043405
Anadolu Co. paid 2,000,000 TL for a 10-year franchise that will expire on December 31, 2029. Make the journal entries for the purchasing of the franchise and the adjusting entry for the first year.
Jan. 1, 2019
Dec. 31, 2019
|
Jan. 1, 2019
Dec. 31, 2019
|
Jan. 1, 2019
Dec. 31, 2019
|
Jan. 1, 2019
Dec. 31, 2019
|
Jan. 1, 2019
Dec. 31, 2019
|
Yanıt Açıklaması:
Jan. 1, 2019
- Debit: Franchises & Licenses - 2,000,000
- Credit: Cash - 2,000,000
Dec. 31, 2019
- Debit: Amortization Expense - 200,000
- Credit: Franchises & Licenses - 200,000
The correct answer is A.
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