Barker Enterprises paid $30,000 cash for a new auto on January 1, 2016, the first day of its fiscal year. The auto is expected to remain useful for six years. At the end of six years, the auto's value is expected to be zero. Accounts are adjusted only on the last day of the fiscal year.
Make the journal entries for January 1, 2016 and for December 31, 2016. Omit explanations.

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The Answer of Barker Enterprises paid $30,000 cash for a new auto on January 1, 2016, the first day of its fiscal year. The auto is expected to remain useful for six years. At the end of six years, the auto's value is expected to be zero. Accounts are adjusted only on the last day of the fiscal year.
Make the journal entries for January 1, 2016 and for December 31, 2016. Omit explanations.

Barker Enterprises Paid $30,000 Cash for a New Auto on January