On january 1 of this year, diaz boutique pays $105,000 to modernize its store. improvements include new floors, ceilings, wiring, and wall coverings. these improvements are estimated to yield benefits for 10 years. diaz leases (does not own) its store and has eight years remaining on the lease. prepare the entry to record the cost of modernization and amortization at the end off this current year.

Landon mars, the company bookkeeper, recorded the $10,000 purchase of land as rent expense by decreasing cash and decreasing shareholders' equity. what is the effect of this error on the accounting equation

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)