accounting problems

Project Description:

on january 1, 2011, pine grove country club purchased a new riding mower for $15,000. the mower is expected to have an 8-year life with a $1,000 salvage value.
what journal entry would pine grove make at december 31, 2011, if it uses straight-line depreciation?
account/description debit credit






do it! 9-3


ritenour manufacturing has an old factory machine that cost $50,000. the machine has accumulated depreciation of $28,000 and a fair value of $26,000. ritenour has decided to sell the machine.
what entry would ritenour make to record the sale of the machine for $26,000 cash? (for multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
account/description debit credit












what entry would ritenour make to record the sale of the machine for $15,000 cash? (for multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
Skills Required:
Project Stats:

Price Type: Negotiable

Completed
Total Proposals: 2
1 Current viewersl
8 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.9
    69 Jobs 54 Reviews
    $0 in 0 Day
  • 4.1
    70 Jobs 30 Reviews
    $10 in 0 Day