Homework Answers
| Debit | Credit | |||
| a | Depreciation expense | 4580 | ||
| Accumulated Depreciation-Equipment | 4580 | |||
| b | Cash | 22410 | ||
| Accumulated Depreciation-Equipment | 42180 | =37600+4580 | ||
| Loss on sale of Equipment | 17330 | |||
| Equipment | 81920 |
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Ivanhoe Company sells office equipment on July 31, 2022, for $22.410 cash. The office equipment originally cost $8...
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