I am so lost on this. I need to prepare adjusting journal entry for this.

The truck was acquired on August 1. Franklin estimates the truck will have a useful life of 5 years and no salvage value. The depreciation on the building has already been recorded.

In my general ledger is says truck = $26,000 and the building = 100,000
The building

Similar Questions
  1. prepare journal entry and adjusting journal entry on these transactions:end of fiscal year is Nov 30,2004 Transactions: A
    1. answers icon 0 answers
  2. On June 1, Melendez Company borrows $90,000 from First Bank on a 6-month,$90,000, 12% note. Instructions (a) Prepare the entry
    1. answers icon 1 answer
  3. #9 Unrecorded Liability: Adjusting EntryRefer to PE 4-8. (1) Make the adjusting entry necessary on the company’s books with
    1. answers icon 0 answers
    1. answers icon 0 answers
more similar questions