Scorrect answer Kelly paid salary to her employees at the end of the month What will be the journal entry for the given financial transaction?
OA Employee Account Debit Cash Account Credit
Employee Account Debit Kelly Account Credit
OG Salary Account Debit Cash Account Credit
OD Salary Account Debit Kelly Account Credit

University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.