Homework Answers
Answer:
1.
| Date | Particulars | Debit | Credit |
|---|---|---|---|
| Cash Dr. | $47,000 | ||
| Accumulated Depreciation Dr. | $40,800 | ||
| To Equipment (Asset) | $76,800 | ||
| To Gain on Disposal | $11,000 |
Note :
Carrying amount of the Equipment = Cost - Accumulated Depreciation
= $76,800 - $40,800
= $36,000
Cash received on sale = $47,000
Gain on sale = $47,000 - $36,000 = $11,000
2.
| Date | Particulars | Debit | Credit |
|---|---|---|---|
| Cash Dr. | $36,000 | ||
| Accumulated Depreciation Dr. | $40,800 | ||
| To Equipment (Asset) | $76,800 |
Carrying amount = $36,000
Cash received on sale = $36,000
Gain or Loss on sale = Nil
3.
| Date | Particulars | Debit | Credit |
|---|---|---|---|
| Cash Dr. | $31,000 | ||
| Accumulated Depreciation Dr. | $40,800 | ||
| Loss on Disposal | $5,000 | ||
| To Equipment (Asset) | $76,800 |
Carrying amount = $36,000
Cash received = $31,000
Loss on disposal = $36,000 - $31,000 = $5,000
Add Answer to:
QS 10-10 Disposal of assets P2 Garcia Co. owns equipment that cost $76,80o, with accumulated depreciation...
QS 10-9 Disposal of assets LO P2 Garcia Co. owns equipment that cost $84,800, with accumulated...
QS 10-9 Disposal of assets LO P2 Garcia Co. owns equipment that cost $84,800, with accumulated depreciation of $44,800. Garcia sells the equipment for cash. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $53,000 cash, (2) $40,000 cash, and (3) $34,900 cash. View transaction list Journal entry worksheet < 1 2 Record the sale of equipment assuming Garcia sells the equipment for $53,000 cash. Note: Enter debits before credits...
QS 8-9 Disposal of assets LO P2 Garcia Co. owns equipment that cost $82,000, with accumulated...
QS 8-9 Disposal of assets LO P2 Garcia Co. owns equipment that cost $82,000, with accumulated depreciation of $43,400. Garcia sells the equipment for cash. Record the sale of the equipment assuming Garcia sells the equipment for (1) $50,900 cash, (2) $38,600 cash, and (3) $33,500 cash. View transaction list Journal entry worksheet < 1 2 3 Record the sale of equipment assuming Garcia sells the equipment for $50,900 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit...
Garcia Co. owns equipment that cost $78,400, with accumulated depreciation of $41,600. Garcia sells the equipment...
Garcia Co. owns equipment that cost $78,400, with accumulated
depreciation of $41,600. Garcia sells the equipment for cash.
Record the sale of the equipment under the following three separate
cases assuming Garcia sells the equipment for (1) $48,200 cash, (2)
$36,800 cash, and (3) $31,700 cash.
Transaction General Journal Debit Credit Record entry Clear entry View general journal
I need all three journals Garcia Co. owns equipment that cost $77,600, with accumulated depreciation of...
I need all three journals
Garcia Co. owns equipment that cost $77,600, with accumulated depreciation of $41,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,600 cash, (2) $36,400 cash, and (3) $31,300 cash. View transaction list Journal entry worksheet A B C Record the sale of equipment assuming Garcia sells the equipment for $47,600 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit
Please do all three journals Garcia Co. owns equipment that cost $82,400, with accumulated depreciation of...
Please do all three journals
Garcia Co. owns equipment that cost $82,400, with accumulated depreciation of $43,600. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $51,200 cash, (2) $38,800 cash, and (3) $33,700 cash. View transaction list Journal entry worksheet < A B C Record the sale of equipment assuming Garcia sells the equipment for $51,200 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit
Help Save & Exts Garcia Co. owns equipment that cost $81,600, with accumulated depreciation of $43,200....
Help Save & Exts Garcia Co. owns equipment that cost $81,600, with accumulated depreciation of $43,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $50,600 cash (2) $38,400 cash, and (3) $33,300 cash. View transaction list 53:36 Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $50,600 cash, Note: Enter debits before credits Transaction General Journal Debit Credit Record the sale of equipment assuming...
Garcia Co. owns equipment that cost $80,000, with accumulated depreciation of $42,400. Record the sale of...
Garcia Co. owns equipment that cost $80,000, with accumulated depreciation of $42,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,400 cash, (2) $37,600 cash, and (3) $32,500 cash View transaction list Journal entry worksheet A B C Record the sale of equipment assuming Garcia sells the equipment for $49,400 cash Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal...
practice exam questions , help would be really appreicated and returned with a thumbs up!! thanks...
practice exam questions , help would be really appreicated and
returned with a thumbs up!! thanks in advance
Help 3 Garcia Co. owns equipment that cost $82,800, with accumulated depreciation of $43,800. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $51,500 cash, (2) $39,000 cash, and (3) $33,900 cash. ts View transaction list 02:55:35 Journal entry worksheet < А > Record the sale of equipment assuming Garcia sells the...
Exercise 10-16 Disposal of assets LO P2 Diaz Company owns a milling machine that cost $126,200...
Exercise 10-16 Disposal of assets LO P2 Diaz Company owns a milling machine that cost $126,200 and has accumulated depreciation of $90,300. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations. 1. The machine needed extensive repairs, and it was not worth repairing Diaz disposed of the machine, receiving nothing in return 2 Diaz sold the machine for $16,300 cash. 3. Diaz sold the machine for $35.900 cash....
Gaston owns equipment that cost $28,000 with accumulated depreciation of $5,600. Gaston sells the equipment for...
Gaston owns equipment that cost $28,000 with accumulated depreciation of $5,600. Gaston sells the equipment for $20.200. Which of the following would not be part of the journal entry to record the disposal of the equipment? Multiple Choice Debit Accumulated Depreciation $5,600 Credit Equipment $28,000 Debit Loss on Disposal of Equipment $2,200. Credit Gain on Disposal of Equipment $2.200 Debit Cash $20.200
QS 10-9 Disposal of assets LO P2 Garcia Co. owns equipment that cost $84,800, with accumulated depreciation of $44,800. Garcia sells the equipment for cash. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $53,000 cash, (2) $40,000 cash, and (3) $34,900 cash. View transaction list Journal entry worksheet < 1 2 Record the sale of equipment assuming Garcia sells the equipment for $53,000 cash. Note: Enter debits before credits...
QS 8-9 Disposal of assets LO P2 Garcia Co. owns equipment that cost $82,000, with accumulated depreciation of $43,400. Garcia sells the equipment for cash. Record the sale of the equipment assuming Garcia sells the equipment for (1) $50,900 cash, (2) $38,600 cash, and (3) $33,500 cash. View transaction list Journal entry worksheet < 1 2 3 Record the sale of equipment assuming Garcia sells the equipment for $50,900 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit...
Garcia Co. owns equipment that cost $78,400, with accumulated
depreciation of $41,600. Garcia sells the equipment for cash.
Record the sale of the equipment under the following three separate
cases assuming Garcia sells the equipment for (1) $48,200 cash, (2)
$36,800 cash, and (3) $31,700 cash.
Transaction General Journal Debit Credit Record entry Clear entry View general journal
I need all three journals
Garcia Co. owns equipment that cost $77,600, with accumulated depreciation of $41,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,600 cash, (2) $36,400 cash, and (3) $31,300 cash. View transaction list Journal entry worksheet A B C Record the sale of equipment assuming Garcia sells the equipment for $47,600 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit
Please do all three journals
Garcia Co. owns equipment that cost $82,400, with accumulated depreciation of $43,600. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $51,200 cash, (2) $38,800 cash, and (3) $33,700 cash. View transaction list Journal entry worksheet < A B C Record the sale of equipment assuming Garcia sells the equipment for $51,200 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit
Help Save & Exts Garcia Co. owns equipment that cost $81,600, with accumulated depreciation of $43,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $50,600 cash (2) $38,400 cash, and (3) $33,300 cash. View transaction list 53:36 Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $50,600 cash, Note: Enter debits before credits Transaction General Journal Debit Credit Record the sale of equipment assuming...
Garcia Co. owns equipment that cost $80,000, with accumulated depreciation of $42,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,400 cash, (2) $37,600 cash, and (3) $32,500 cash View transaction list Journal entry worksheet A B C Record the sale of equipment assuming Garcia sells the equipment for $49,400 cash Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal...
practice exam questions , help would be really appreicated and
returned with a thumbs up!! thanks in advance
Help 3 Garcia Co. owns equipment that cost $82,800, with accumulated depreciation of $43,800. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $51,500 cash, (2) $39,000 cash, and (3) $33,900 cash. ts View transaction list 02:55:35 Journal entry worksheet < А > Record the sale of equipment assuming Garcia sells the...
Exercise 10-16 Disposal of assets LO P2 Diaz Company owns a milling machine that cost $126,200 and has accumulated depreciation of $90,300. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations. 1. The machine needed extensive repairs, and it was not worth repairing Diaz disposed of the machine, receiving nothing in return 2 Diaz sold the machine for $16,300 cash. 3. Diaz sold the machine for $35.900 cash....
Gaston owns equipment that cost $28,000 with accumulated depreciation of $5,600. Gaston sells the equipment for $20.200. Which of the following would not be part of the journal entry to record the disposal of the equipment? Multiple Choice Debit Accumulated Depreciation $5,600 Credit Equipment $28,000 Debit Loss on Disposal of Equipment $2,200. Credit Gain on Disposal of Equipment $2.200 Debit Cash $20.200
Most questions answered within 3 hours.
-
help me fix error////////
The last part was working on the WebSocket. This was the hardest...
asked 2 hours ago -
Answer each independent question, (a) through (e), below.
a. Project A costs $7,000 and will generate...
asked 1 hour ago -
A major component of gasoline is octane C8H18. When octane is
burned in air, it chemically...
asked 2 hours ago -
organic.
how would you add a phenyl group to a benzene
ring?
please show the mechanism...
asked 3 hours ago -
A 45 kg figure skater is spinning on the toes of her skates at
1.5 rev/s...
asked 4 hours ago -
What are the two largest difficulties in managing a consolidated
organization? What are solutions to these...
asked 4 hours ago -
A 3 phase squirrel cage induction motor is connected to a
variable speed drive. The motor...
asked 5 hours ago -
What fraction of Glycine is in the non-charged form at pH= 7.
Use pKa values 2...
asked 6 hours ago -
A
student thought their unknown was the sulfate ion since no visible
reaction occurred after adding...
asked 6 hours ago -
A battery has an
internal resistance of 0.20 Ώ. A number of 3 identical light bulbs,...
asked 6 hours ago -
German cheese producer has recently expanded its business
activities to Norway and Denmark. Local subsidiaries of...
asked 6 hours ago -
Below is the Netbeans source code of an Abstract factory
project,
Using the code in netbeans,...
asked 6 hours ago