At December 31, the unadjusted trial balance of H&R Tacks reports Software of $34,500 and and zero balances in Accumulated Amortization and Amortization Expense. Amortization for the period is estimated to be $6,900. Prepare the adjusting journal entry on December 31. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

Dr amortization expense  $6,900

Cr Accumulated amortization       $6,900

Explanation:

The adjusting journal on 31  December is to reflect the amortization charge of $6,900 in both accumulated amortization and amortization expense accounts.

Find attached t-accounts,note that amortization expense account would not have a closing balance as the amount of amortization is written to income statement

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer; false pretense;