3-46. Prepare the following journal entries: (a) Fully depreciated equipment costing $39,000 was scrapped, no...
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3-46. Prepare the following journal entries: (a) Fully depreciated equipment costing $39,000 was scrapped, no salvage, and equipment was purchased for $157,000. (b) Bonds payable for $100,000 were retired by payment at their face amount. (c) 5,000 shares of common stock were issued at 15 for cash. (d) Cash dividends declared were paid \$28,000. 47. Accrue Wages Expense for 1 day when the 5 -day weekly payroll is always $5,000. 48. Accrue Interest Expense for a \$1,000, 6 month, 12\% note, dated December 1, 2011. Calendar year-end. 49. Received a utility bill for the month of December in the amount of $890. The bill was dated Jan 5, 2012. Based on GAAP, what are the implications for the accountant
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