nework You received partial credit in the previous attempt J

nework You received partial credit in the previous attempt Journal entry worksheet 7 8 12 The depreciation was recorded for the year, $89,000 (70% related to factory equipment, and the remainder related to selling and administrative equipment) Note: Enter debits before credits. General Journal Debit Credit 9.

Solution

The journal entry will be
Dr Depreciation A/c $89000
      Cr   Factory equipment          $62300
      Cr    Selling and admin equipment    $26700