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horse has devery equipment that cost $4,600 and has been derde 523.500 wh i te Dot...
Sarasota Co. has equipment that cost $75,700 and that has been depreciated $49,800. Record the disposal...
Sarasota Co. has equipment that cost $75,700 and that has been
depreciated $49,800.
Record the disposal under the following assumptions.
(a)
It was scrapped as having no value.
(b)
It was sold for $22,200.
(c)
It was sold for $27,200.
(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.)
No.
Account Titles and Explanation
Debit
Credit
(a)...
Do Te Review 10-03a-b Whispering Winds Manufacturing has old equipment that cost $52,000. The equipment has...
Do Te Review 10-03a-b Whispering Winds Manufacturing has old equipment that cost $52,000. The equipment has accumulated depreciation of $27,000. Whispering Winds has decided to sell the equipment. (Credit entered Do not indent manually. If no witry to required soboct "Noorry for the account ticles and enterolor the amounts] () What entry would Whispering Winds make to record the sale of the equipment for $31,000 cash? (b) What entry would Whispering Winds make to record the sale of the equipment...
Flounder Manufacturing has old equipment that cost $53,000. The equipment has accumulated depreciation of $28,100. Flounder...
Flounder Manufacturing has old equipment that cost $53,000. The equipment has accumulated depreciation of $28,100. Flounder has decided to sell the equipment. (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) What entry would Flounder make to record the sale of the equipment for $31,000 cash? (b) What entry would Flounder make to record the sale of...
Blossom Company has delivery equipment that cost $47.500 and has been depreciated $23.800. Recor entries for...
Blossom Company has delivery equipment that cost $47.500 and has been depreciated $23.800. Recor entries for the disposal under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not inden many for the account titles and enter for the amounts.) is required lect"Neftry" (a) It was repped as having no value b) It was sold for $37,700. ld It was sold for $18,100. No. Account Titles and Explanation
Pharoah Company owns equipment that cost $61,000 when purchased on January 1, 2019. It has been...
Pharoah Company owns equipment that cost $61,000 when purchased on January 1, 2019. It has been depreciated using the straight- line method based on an estimated salvage value of $1,000 and an estimated useful life of 5 years. Prepare Pharoah Company's journal entries to record the sale of the equipment in these four independent situations. (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...
Sunland Company owns equipment that cost $73,000 when purchased on January 1, 2019. It has been...
Sunland Company owns equipment that cost $73,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $13,000 and an estimated useful life of 5 years. Prepare Sunland Company’s journal entries to record the sale of the equipment in these four independent situations. (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...
Crane Company owns equipment that cost $78,000 when purchased on January 1, 2019. It has been...
Crane Company owns equipment that cost $78,000 when purchased on
January 1, 2019. It has been depreciated using the straight-line
method based on an estimated salvage value of $18,000 and an
estimated useful life of 5 years.
Prepare Crane Company’s journal entries to record the sale of the
equipment in these four independent situations. (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...
Tamarisk, Inc. has equipment that cost $79,900 and that has been depreciated $50,500 Record the disposal...
Tamarisk, Inc. has equipment that cost $79,900 and that has been depreciated $50,500 Record the disposal under the following assumptions. (a) It was scrapped as having no value. It was sold for $23,800. (b) It was sold for $32,100. (c) (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.) Credit Debit No. Account Titles and Explanation (a)...
Pryce Company owns equipment that cost $69,000 when purchased on January 1, 2014. It has been...
Pryce Company owns equipment that cost $69,000 when purchased on
January 1, 2014. It has been depreciated using the straight-line
method based on an estimated salvage value of $5,400 and an
estimated useful life of 5 years.
Prepare Pryce Company’s journal entries to record the sale of the
equipment in these four independent situations. (Credit
account titles are automatically indented when amount is entered.
Do not indent manually. Round answers to 0 decimal places, e.g.125.
If no entry is required,...
Sandhill Company owns equipment that cost $82,000 when purchased on January 1, 2019. It has been...
Sandhill Company owns equipment that cost $82,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $22,000 and an estimated useful life of 5 years. Prepare Sandhill Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No (a) Sold for $47,000 on...
Sarasota Co. has equipment that cost $75,700 and that has been
depreciated $49,800.
Record the disposal under the following assumptions.
(a)
It was scrapped as having no value.
(b)
It was sold for $22,200.
(c)
It was sold for $27,200.
(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.)
No.
Account Titles and Explanation
Debit
Credit
(a)...
Do Te Review 10-03a-b Whispering Winds Manufacturing has old equipment that cost $52,000. The equipment has accumulated depreciation of $27,000. Whispering Winds has decided to sell the equipment. (Credit entered Do not indent manually. If no witry to required soboct "Noorry for the account ticles and enterolor the amounts] () What entry would Whispering Winds make to record the sale of the equipment for $31,000 cash? (b) What entry would Whispering Winds make to record the sale of the equipment...
Flounder Manufacturing has old equipment that cost $53,000. The equipment has accumulated depreciation of $28,100. Flounder has decided to sell the equipment. (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) What entry would Flounder make to record the sale of the equipment for $31,000 cash? (b) What entry would Flounder make to record the sale of...
Blossom Company has delivery equipment that cost $47.500 and has been depreciated $23.800. Recor entries for the disposal under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not inden many for the account titles and enter for the amounts.) is required lect"Neftry" (a) It was repped as having no value b) It was sold for $37,700. ld It was sold for $18,100. No. Account Titles and Explanation
Pharoah Company owns equipment that cost $61,000 when purchased on January 1, 2019. It has been depreciated using the straight- line method based on an estimated salvage value of $1,000 and an estimated useful life of 5 years. Prepare Pharoah Company's journal entries to record the sale of the equipment in these four independent situations. (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...
Crane Company owns equipment that cost $78,000 when purchased on
January 1, 2019. It has been depreciated using the straight-line
method based on an estimated salvage value of $18,000 and an
estimated useful life of 5 years.
Prepare Crane Company’s journal entries to record the sale of the
equipment in these four independent situations. (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...
Tamarisk, Inc. has equipment that cost $79,900 and that has been depreciated $50,500 Record the disposal under the following assumptions. (a) It was scrapped as having no value. It was sold for $23,800. (b) It was sold for $32,100. (c) (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.) Credit Debit No. Account Titles and Explanation (a)...
Pryce Company owns equipment that cost $69,000 when purchased on
January 1, 2014. It has been depreciated using the straight-line
method based on an estimated salvage value of $5,400 and an
estimated useful life of 5 years.
Prepare Pryce Company’s journal entries to record the sale of the
equipment in these four independent situations. (Credit
account titles are automatically indented when amount is entered.
Do not indent manually. Round answers to 0 decimal places, e.g.125.
If no entry is required,...
Sandhill Company owns equipment that cost $82,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $22,000 and an estimated useful life of 5 years. Prepare Sandhill Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No (a) Sold for $47,000 on...
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