On June 30, 2022, the company sold old equipment for $14,400. The equipment originally cost $21,600 and had accumulated depreciation to the date of disposal of $9,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit June 30, 2022
On June 30, 2022, the company sold old equipment for $14,400. The equipment originally cost $21,600 and had accumulated depreciation to the date of disposal of $9,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit June 30, 2022
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 5RE: In Year 1, Utica Machinery Company uses the asset from RE11-4 for 7,500 hours. Prepare the journal...
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