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Marcus Roberts Operates a Small Retail Establishment

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Marcus Roberts operates a small retail establishment. The following unadjusted amounts were taken from Roberts' accounting records at December 31, 2015:
Marcus Roberts operates a small retail establishment. The following unadjusted amounts were taken from Roberts' accounting records at December 31, 2015: Determine the effect on the accounting equation of the adjusting entries at December 31, 2015, for each of the transactions that follow: A. The advertising costs are for television commercials to be aired equally throughout December, 2015, and January and February, 2016. B. The machinery had an original cost of $50,000 and was purchased during 2010. The estimated useful life is 6 years with an estimated salvage value equal to $8,000. Roberts uses the straight-line method of depreciation. Determine the effect on the accounting equation of the adjusting entries at December 31, 2015, for each of the transactions that follow:
A. The advertising costs are for television commercials to be aired equally throughout December, 2015, and January and February, 2016.
B. The machinery had an original cost of $50,000 and was purchased during 2010. The estimated useful life is 6 years with an estimated salvage value equal to $8,000. Roberts uses the straight-line method of depreciation.
Marcus Roberts operates a small retail establishment. The following unadjusted amounts were taken from Roberts' accounting records at December 31, 2015: Determine the effect on the accounting equation of the adjusting entries at December 31, 2015, for each of the transactions that follow: A. The advertising costs are for television commercials to be aired equally throughout December, 2015, and January and February, 2016. B. The machinery had an original cost of $50,000 and was purchased during 2010. The estimated useful life is 6 years with an estimated salvage value equal to $8,000. Roberts uses the straight-line method of depreciation.

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