Gaston owns equipment that cost $28,000 with accumulated depreciation of $5,600. Gaston sells the equipment for...
Gaston owns equipment that cost $22,000 with accumulated depreciation of $6,600. Gaston asks $14,900 for the equipment but sells the equipment for $13,900. Which of the following would not be part of the journal entry to record the disposal of the equipment? Multiple Choice Credit Equipment $22,000. Debit Loss on Disposal of Equipment $1,500. Debit Cash $13,900. Credit Gain on Disposal of Equipment $1,500. Debit Accumulated Depreciation $6,600.
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
Martinez owns machinery that cost $87,000 with accumulated depreciation of $40,000. The company sells the machinery for cash of $42,000. The journal entry to record the sale would include: A debit to Cash of $42,000 A credit to Gain on Sale of $2,000 A debit to Accumulated Depreciation of $47,000 A credit to Machinery of $47,000 A credit to Accumulated Depreciation of $40,000
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...
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...
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...
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
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...
Current Attempt in Progress Crane Company owns equipment that cost $85,000 when purchased on January 1, 2019. It has been depreciated using the straight- line method based on an estimated salvage value of $25,000 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...