Please help fill in missing!Homework Answers
| Debit | Credit | ||
| a | Accumulated Depreciation-Equipment | 41000 | |
| Equipment | 41000 | ||
| b | Accumulated Depreciation-Equipment | 37200 | |
| Loss on disposal of plant assets | 3800 | ||
| Equipment | 41000 |
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Please help fill in missing!
Prepare journal entries to record these transactions. (Credit account titles are...
Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is...
Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts.) (a) received (b) No. Account Titles and Explanation Cullumber Company retires its delivery equipment, which cost $54,410. Accumulated depreciation is also $54,410 on this delivery equipment. No salvage value is Assume the same information as in part (a), except that accumulated...
Brief Exercise 9-7 Prepare journal entries to record these transactions. (Credit account titles are automatically indented...
Brief Exercise 9-7 Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) Sheridan Company retires its delivery equipment, which cost $49,970. Accumulated depreciation is also $49,970 on this delivery equipment. No salvage value is (b) Assume the same information as in part (a), except that accumulated depreciation for the...
Brief Exercise 9-7 Prepare journal entries to record these transactions. (Credit account titles are automatically indented...
Brief Exercise 9-7 Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) (a) (b) Blossom Company retires its delivery equipment, which cost $50,070. Accumulated depreciation is also $50,070 on this delivery equipment. No salvage value is received. Assume the same information as in part(a), except that accumulated depreciation for the equipment...
Brief Exercise 9-07 Your answer is partially correct. Try again. Prepare journal entries to record these...
Brief Exercise 9-07 Your answer is partially correct. Try again. Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (a) (b) Sheridan Company retires its delivery equipment, which cost $47,790. Accumulated depreciation is also $47,790 on this delivery equipment. No salvage value is received. Assume the same information as in...
Bramble Corp. retires its delivery equipment, which cost $47,000. Accumulated depreciation is also $47,000 on this deli...
Bramble Corp. retires its delivery equipment, which cost $47,000. Accumulated depreciation is also $47,000 on this delivery equipment. No salvage value is received. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Bramble Corp. retires its delivery equipment, which cost $47,000. Accumulated depreciation is $36,400, on the...
Please help fill in red and missing! (To record sale of forklift) Dec. 31 4 Depreciation...
Please help fill in red and missing!
(To record sale of forklift) Dec. 31 4 Depreciation Expense 4000 Accumulated Depreciation Equipment 4000 (To record depreciation expense on truck) Dec. 31 4 Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets Equipment | (To record sale of truck) Ivanhoe Company had the following assets on January 1, 2022. Item Cost Purchase Date Useful Life (in years) Salvage Value Machinery $73,000 Jan 1, 2012 $0 Forklift 32,000 Jan 1, 2019 5 Truck 38,400...
Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount...
Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) 1. 2. 3. 4. 5. Depreciation on equipment is $1,396 for the accounting period. Interest owed on a loan but not paid or recorded is $292. There was no beginning balance of supplies and $572 of office supplies were purchased...
Record entries for the disposal under the following assumptions. (Credit account titles are automatically indented when...
Record entries for the disposal under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) It was scrapped as having no value. (b) It was sold for $37,600. (c) It was sold for $18,900. No. Account Titles and Explanation Debit Credit (a)
Prepare the journal entry to record the accrual of interest on December 31. (Credit account titles...
Prepare the journal entry to record the accrual of interest on December 31. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Cash Bonds Payable
Prepare the journal entries to record the exchange on the books of both companies. Assume that...
Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance. (C account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Novak Company Splish Company Account Titles and Explanation Debit Credit Novak Company: Splish Company: Novak Company exchanged equipment used in its manufacturing...
Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts.) (a) received (b) No. Account Titles and Explanation Cullumber Company retires its delivery equipment, which cost $54,410. Accumulated depreciation is also $54,410 on this delivery equipment. No salvage value is Assume the same information as in part (a), except that accumulated...
Brief Exercise 9-7 Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) Sheridan Company retires its delivery equipment, which cost $49,970. Accumulated depreciation is also $49,970 on this delivery equipment. No salvage value is (b) Assume the same information as in part (a), except that accumulated depreciation for the...
Brief Exercise 9-7 Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) (a) (b) Blossom Company retires its delivery equipment, which cost $50,070. Accumulated depreciation is also $50,070 on this delivery equipment. No salvage value is received. Assume the same information as in part(a), except that accumulated depreciation for the equipment...
Brief Exercise 9-07 Your answer is partially correct. Try again. Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (a) (b) Sheridan Company retires its delivery equipment, which cost $47,790. Accumulated depreciation is also $47,790 on this delivery equipment. No salvage value is received. Assume the same information as in...
Bramble Corp. retires its delivery equipment, which cost $47,000. Accumulated depreciation is also $47,000 on this delivery equipment. No salvage value is received. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Bramble Corp. retires its delivery equipment, which cost $47,000. Accumulated depreciation is $36,400, on the...
Please help fill in red and missing!
(To record sale of forklift) Dec. 31 4 Depreciation Expense 4000 Accumulated Depreciation Equipment 4000 (To record depreciation expense on truck) Dec. 31 4 Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets Equipment | (To record sale of truck) Ivanhoe Company had the following assets on January 1, 2022. Item Cost Purchase Date Useful Life (in years) Salvage Value Machinery $73,000 Jan 1, 2012 $0 Forklift 32,000 Jan 1, 2019 5 Truck 38,400...
Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) 1. 2. 3. 4. 5. Depreciation on equipment is $1,396 for the accounting period. Interest owed on a loan but not paid or recorded is $292. There was no beginning balance of supplies and $572 of office supplies were purchased...
Record entries for the disposal under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) It was scrapped as having no value. (b) It was sold for $37,600. (c) It was sold for $18,900. No. Account Titles and Explanation Debit Credit (a)
Prepare the journal entry to record the accrual of interest on December 31. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Cash Bonds Payable
Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance. (C account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Novak Company Splish Company Account Titles and Explanation Debit Credit Novak Company: Splish Company: Novak Company exchanged equipment used in its manufacturing...
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