Assets | = | Liabilities | + | Stockholders' Equity | ||||||||||||
Cash | + | Equipment | - | Accum. Depr.-Equip | Retained Earnings | Account title for Retained Earnings | ||||||||||
Common stock | + | Revenue | - | Expense | - | Dividend | ||||||||||
Jan-01 | $ -61,900 | $ 61,900 | ||||||||||||||
Jun-30 | $ 4,550 | $ 4,550 | Depreciation expense-Equipment | |||||||||||||
$ 4,600 | $ -36,400 | $ 22,750 | $ 9,050 | Loss on Sale of equipment | ||||||||||||
Dec-31 | $ 4,200 | $ 4,200 | Depreciation expense-Delivery truck | |||||||||||||
$ 9,470 | $ -24,500 | $ 16,800 | $ 1,770 | Gain on sale of delivery truck |
Here are selected 2017 transactions of Flint Corporation. Jan. 1 June 30 Dec. 31 Retired a...
Here are selected 2017 transactions of Culver Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,3000 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2015. The computer cost $35,800 and had a useful life of 4 years with no salvage value. The computer was sold for $4,100 cash. Sold a delivery truck for $9,210 cash. The truck...
Here are selected 2022 transactions of Sheffield Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62.800 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2020. The computer cost $36.600 and had a useful life of 4 years with no salvage value. The computer was sold for $5,100 cash. June 30 Dec. 31 Sold a delivery truck for...
Here are selected 2017 transactions of Culver Corporation Jan. Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,300 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2015. The computer cost $35,800 and had a useful life of 4 years with no salvage value. The computer was sold for $4,100 cash. Dec. 31 Sold a delivery truck for $9.210...
Here are selected 2017 transactions of Indigo Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,800 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2015. The computer cost $37,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash. Dec. 31 Sold a delivery truck for...
Here are selected 2022 transactions of Indigo Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61.800 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $37,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash. Dec. 31 Solda delivery truck for $9,330...
Here are selected 2022 transactions of Ayayai Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,000 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $35,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash. Dec. 31 Sold a delivery truck for...
Exercise 9-8 Here are selected 2017 transactions of Pronghorn Corporation Jan 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $62,000 and had a useful life of 10 years with no salvage value June Sold a computer that was purchased on January 1, 2015. The computer cost $35,400 and had a useful life of 4 years with no salvage value. The 30 computer was sold for $5,600 cash. Dec Sold a delivery truck...
Presented below are selected transactions at Ridge Company for
2015.
Jan.
1
Retired a piece of machinery
that was purchased on January 1, 2005. The machine cost $61,020 on
that date. It had a useful life of 10 years with no salvage
value.
June
30
Sold a computer that was
purchased on January 1, 2012. The computer cost $36,710. It had a
useful life of 5 years with no salvage value. The computer was sold
for $14,920.
Dec.
31
Discarded...
Exercise 9-9 Presented below are selected transactions at Swifty
Corporation for 2019. Jan. 1 Retired a piece of machinery that was
purchased on January 1, 2009. The machine cost $61,000 on that
date. It had a useful life of 10 years with no salvage value. June
30 Sold a computer that was purchased on January 1, 2016. The
computer cost $35,400. It had a useful life of 5 years with no
salvage value. The computer was sold for $14,600. Dec....
Here are selected 2022 transactions of Concord Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,300 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $35,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,400 cash. Dec. 31 Sold a delivery truck for...