ACCT 625 Week 6 The following summarizes the history of the Sharp City Recreation Center A Copy
in Accounting by neel
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Answer 1 (Amount in ) D ate Particulars Debit Credit 1987 Bank a/c 1,000,000
To Bonds a/c
1,000,000
1987 Building a/c 1,500,000
To Bank a/c
1,500,000
1987 Depreciation expense a/c 50,000
To accumulated depreciation a/c
50,000
1988 Depreciation expense a/c 50,000
To accumulated depreciation a/c
50,000
1989 Depreciation expense a/c 50,000
To accumulated depreciation a/c
50,000
1990 Depreciation expense a/c 50,000
To accumulated depreciation a/c
50,000
1991 Depreciation expense a/c 50,000
To accumulated depreciation a/c
50,000
1992 Depreciation expense a/c 50,000
To accumulated depreciation a/c
50,000
1993 Depreciation expense a/c 50,000
To accumulated depreciation a/c
50,000
1994 Depreciation expense a/c 50,000
To accumulated...
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