Question: Gunkelson Company sells equipment on September 30 2017 for 18 000

Gunkelson Company sells equipment on September 30, 2017, for $18,000 cash. The equipment originally cost $72,000 and as of January 1, 2017, had accumulated depreciation of $42,000. Depreciation for the first 9 months of 2017 is $5,250. Prepare the journal entries to
(a) Update depreciation to September 30, 2017, and
(b) Record the sale of the equipment.


View Solution:


Sale on SolutionInn
Sales0
Views444
Comments
  • CreatedMarch 02, 2015
  • Files Included
Post your question
5000