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![solution Transcation Debet Gredet I P040 General Journal Cash Accumulated Depreciation equipment [L9360-560)/10 X 10] Equepme](http://img.homeworklib.com/questions/f890ab80-723a-11ea-90c5-6b3de415adbb.png?x-oss-process=image/resize,w_560)
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prepare the journal entry to record the sale of the shelving units
Required information (The following...
Prepare the journal entry to record the sale of the shelving units.
As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $1,100 cash. The shelves originally cost $7,600 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $600. 2. Prepare the journal entry to record the sale of the shelving units. (If no entry is required for a transaction/event, select "No Journal...
Prepare the journal entry to record the sale of the shelving units.
As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $950 cash. The shelves originally cost $7,000 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $500. .1. Complete the table below, indicating the account, amount, and direction of the effect on disposal. Assume that depreciation has been recorded to the...
As part of a major renovation at the beginning of the yearAtiase Pharmaceuticals, Inc. sold shelving...
As
part of a major renovation at the beginning of the yearAtiase
Pharmaceuticals, Inc. sold shelving units (recorded as Equipment)
that were years old for $1,040 cash. The shelves originally cost
$7,360 and had been depreciated on a straight-line basis over an
estimated useful life of 10 years with an estimated residual value
of $560.
Required information (The following information applies to the questions displayed below) As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals,...
As part of a major renovation at the beginning of the year, Atlase Pharmaceuticals, Inc. sold shelving units (recor...
As part of a major renovation at the beginning of the year, Atlase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $980 cash. The shelves originally cost $7120 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $520. 2. Prepare the journal entry to record the sale of the shelving units. (If no entry is required for a transaction/event, select "No...
Record the sale of the shelving units.
As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units store fixtures) that were 8 years old for $2,400 cash. The original cost of the shelves was $6 800 and they had been deprecated on a straight line basis over an estimated useful life of 10 years with an estimated residual value of $1,100. Record the sale of the shelving units. If no entry is required for a transaction/event, select "No journal entry required...
As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving...
As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 8 years old f $2,400 cash. The original cost of the shelves was $6,800 and they had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $1,100. Record the sale of the shelving units. (If no entry is required for a transaction/event, select "No journal entry required" in...
These are all on the same question. Required information The following information applies to the questions...
These are all on the same question.
Required information The following information applies to the questions displayed below] As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $950 cash. The shelves originally cost $7,000 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $500. 1. Complete the table below,...
As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold...
As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $1,400 cash. The shelves originally cost $8,800 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $800. 1. Prepare the journal entry to record the sale of the shelving units. (If no entry is required for a transaction/event, select "No...
As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold...
As part of a major renovation at the beginning of the year,
Atiase Pharmaceuticals, Inc. sold shelving units ( recorded as
Equipment ) that were 10 years old for $1,130 cash. The shelves
originally cost $ 7,720 and had been depreciated on a straight-line
basis over an estimated useful life of 10 years with an estimated
residual value of $620
assets?
liabilities?
stockholders equity?
Help Save & Exit Check my Required information (The following information applies to the questions displayed...
Required Information Problem 7-8A Record the disposal of equipment (L07-6) The following information applies to the...
Required Information Problem 7-8A Record the disposal of equipment (L07-6) The following information applies to the questions displayed below.] New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $600,000. The ovens originally cost $800.000, had an estimated service life of 10 years, had an estimated residual value of $50,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery Problem 7-8A Part 4...
As
part of a major renovation at the beginning of the yearAtiase
Pharmaceuticals, Inc. sold shelving units (recorded as Equipment)
that were years old for $1,040 cash. The shelves originally cost
$7,360 and had been depreciated on a straight-line basis over an
estimated useful life of 10 years with an estimated residual value
of $560.
Required information (The following information applies to the questions displayed below) As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals,...
As part of a major renovation at the beginning of the year, Atlase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $980 cash. The shelves originally cost $7120 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $520. 2. Prepare the journal entry to record the sale of the shelving units. (If no entry is required for a transaction/event, select "No...
As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 8 years old f $2,400 cash. The original cost of the shelves was $6,800 and they had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $1,100. Record the sale of the shelving units. (If no entry is required for a transaction/event, select "No journal entry required" in...
These are all on the same question.
Required information The following information applies to the questions displayed below] As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $950 cash. The shelves originally cost $7,000 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $500. 1. Complete the table below,...
As part of a major renovation at the beginning of the year,
Atiase Pharmaceuticals, Inc. sold shelving units ( recorded as
Equipment ) that were 10 years old for $1,130 cash. The shelves
originally cost $ 7,720 and had been depreciated on a straight-line
basis over an estimated useful life of 10 years with an estimated
residual value of $620
assets?
liabilities?
stockholders equity?
Help Save & Exit Check my Required information (The following information applies to the questions displayed...
Required Information Problem 7-8A Record the disposal of equipment (L07-6) The following information applies to the questions displayed below.] New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $600,000. The ovens originally cost $800.000, had an estimated service life of 10 years, had an estimated residual value of $50,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery Problem 7-8A Part 4...
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