Question

Can anyone help with this problem below? It's accounting

Workshop 4 Problems Student Q Search Shoot + View Doo Home Insert Page Layout Formulas Data X Cut Calibri (Body) 12 . A A Paste Format B IU. . .A G11 X V fic Review = - Autem A . Copy Ep Wrap Text Merge Center Custom $ . % P Conditional Format Formatting as Table e cent Currency Comma Currency lol comma 10 Percent .-* Insert Dolete E ) Format Clear 1 2 pts. Each = 16 points. 4.1 Accounting for Asset Disposal Points: 8 items Directions: Prepare the journal entry based on the information below 4 Background information: Donald sold equipment for $2.500 which cost $10.000 5 The equipment has accumulated depreciation of S.COO B 15-Dec Cash Accumulated Depreciation Lass Equipment 13 Heful information Problem 4.1 Problem 4.2 Problem 4.3 Problem 4.4 Problem 4. 5 P roblem 4,6 Ready E M - + 100%

Answer 1

		Debit	Credit
Dec 15	Cash	2500
	Accumulated Depreciation	7000
	Loss on sale of Equipment	500
	Equipment		10000
	Workings:
	Cost of Equipment	10000
	Less: Accumulated Depreciation	7000
	Book value of Equipment	3000
	Book value of Equipment	3000
	Less: Sales price	2500
	Loss on sale	500