Accounting Question

Complete the Excel Document (total of 23 questions). Use the attached Power Points for reference. DO NOT use Chat GPT or the answers will be wrong. I have paid for “PHD” level and have barely gotten a “B” on prior submissions, after thoroughly reviewing. Take your time and use the material provided.

Student’s name:
Assignment three: Final Exam
For Questions 1-2:
The Westside Clinic Director used the company’s credit card to purchase a new $50,000 ultrasound machi
replace the no-longer reliable, fully depreciated, 9 year old unit. The expectation is to pay it off next mon
arrives. The new machine has a 5 year life and like the one being replaced, has no assigned salvage value.
1)
What dollar impact would the initial purchase of the new machine & disposal of the old, have on the amo
Assets on the Balance Sheet?
2)
What initial incremental dollar amount impact would this transaction have on the amount reported for
“Net Assets” on the Balance Sheet?
For Questions 3-5:
The financial records for City Center Physical Therapy were hacked and they have elected not to pay the r
support team was able to obtain the following partial trial balance amounts from last month.
3)
Using this information and with your knowledge of the Accounting equation, what must have been the am
Equity?