Homework Answers
a) Journal entry
| a | Cash | 9800 | |
| Accumulated depreciation-Car (23400-3000/3)*2 | 13600 | ||
| Car | 23400 | ||
| Record sale of car |
b) Journal entry
| b | Cash | 7500 | |
| Accumulated depreciation-Car (23400-3000/3)*2 | 13600 | ||
| Loss on sale of Car | 2300 | ||
| Car | 23400 | ||
| Record sale of car |
c) Journal entry
| c | Cash | 11500 | |
| Accumulated depreciation-Car (23400-3000/3)*2 | 13600 | ||
| Gain on Sale of Car | 1700 | ||
| Car | 23400 | ||
| Record sale of car |
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please upload a tidy and detailed work explanation. Kindly :) Perfect Auto Rentals sold one of its cars on January 1, 2...
please upload a tidy and detailed work explanation. Kindly
:)
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please upload a tidy and detailed work explanation. Kindly
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