Business, 28.02.2020 00:57 natalie2sheffield

Tom’s Grocery purchased 5 new cash registers for their new store and they paid $2,400 each for a total of $12,000 on August 1, 2013, the day they were delivered. The cash registers are expected to have useful lives of 5 years and they are not expected to have any salvage value. Tom's Grocery uses straight-line depreciation. The cash registers were recorded as long-lived assets at the time of the purchase and now Tom's needs to make an entry showing the expense related to these cash registers up to December 31, 2013.

Please specify which accounts will be used, AND the amounts associated with each to balance.

a. ACCOUNTS
b. ACCOUNTS RECEIVABLE
c. DEPRECIATION
d. RETAINED EARNINGS
e. ACCOUNTS PAYABLE
f. PROPERTY, PLANT, & EQUIPMENT

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