Accounting 1 Help

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ybhvfro11

Business Finance

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Looking for help in my Accounting 1 class. Please fill in the blanks and explain and equations used. Any explanations you can give and formulas would be very helpful! Thanks!

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M ACTION REQUIRED: Prohibited x HB My Library ResearchParticipation Spring18 x MSB Subject Pool Sign-Up Sys X Rosewood Hotels & Resorts: B. X Homework #5, Part A Х Daphne + → C © ezto.mheducation.com/hm.tpx?_=0.4124423499187235_1521148776053 In a recent 10-K report, National Package Service states it “is the world's largest package delivery company, a leader in the U.S. less-than-truckload industry, and the premier provider of global supply chain management solutions." The following note and data were reported: Note 1—Summary of Accounting Policies Impairment of Long-Lived Assets ... we review long-lived assets for impairment when circumstances indicate the carrying amount of an asset may not be recoverable based on the undiscounted future cash flows of the asset.... Cost of property and equipment (beginning of year) Cost of property and equipment (end of year) Capital expenditures during the year Accumulated depreciation (beginning of year) Accumulated depreciation (end of year) Depreciation expense during the year Cost of property and equipment sold during the year Accumulated depreciation on property sold Cash received on property sold Dollars in Millions $ 39,329 40,840 2,383 21,240 22,391 1,928 850 777 59 Required: 1. Reconstruct the journal entry for the disposal of property and equipment during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet < 1 Record the disposal of property and equipment during the year. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal
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Explanation & Answer

Hey there, in case you need any clarification I will be there for you

Reconstructed journal entries
Student’s name
Institution

1.

Transaction

General Journal

Debit

Cas...


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