Answer the following questions.(Show your work.)
a.Equipment is purchased for $48,000,to be used for eight years.Assuming zero value at the end of eight years,what is the equipment's carrying value after two years and three months?
b.Prepaid Insurance has an $800 balance prior to adjustment.By year end,one-fourth has expired.What will be the balance in Prepaid Insurance after the adjusting entry has been made?
c.A company purchased $210 in supplies during the year,recorded $120 in Supplies Expense,and ended with $350 of supplies.What was the beginning balance of Supplies?

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The Answer of Answer the following questions.(Show your work.)
a.Equipment is purchased for $48,000,to be used for eight years.Assuming zero value at the end of eight years,what is the equipment's carrying value after two years and three months?
b.Prepaid Insurance has an $800 balance prior to adjustment.By year end,one-fourth has expired.What will be the balance in Prepaid Insurance after the adjusting entry has been made?
c.A company purchased $210 in supplies during the year,recorded $120 in Supplies Expense,and ended with $350 of supplies.What was the beginning balance of Supplies?

Answer the Following Questions.(Show Your Work.)