Homework Answers
Solution:
| Journal Entries - Direct Shoes Inc. | |||
| Date | Particulars | Debit | Credit |
| 2-Jan-20 | Tools Dr | $130,750.00 | |
| Accumulated depreciation, machine Dr | $50,250.00 | ||
| To Machine | $94,000.00 | ||
| To Cash | $87,000.00 | ||
| (To record disposal of machine in exchange) | |||
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On January 2, 2020, Direct Shoes Inc. disposed of a machine that cost $94,000 and had...
On January 2, 2020. Direct Shoes Inc. disposed of a machine that cost $94,000 and had...
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