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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.
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Jan. 1, 2019
Dec. 31, 2019
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Jan. 1, 2019
Dec. 31, 2019
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Jan. 1, 2019
Dec. 31, 2019
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Jan. 1, 2019
Dec. 31, 2019
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Jan. 1, 2019
Dec. 31, 2019
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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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