Question: asappp Preblem 3 The Boe Compony purchased a computer for $15,000. Depreciation taken so far is $5,000. The computer was sold todsy for $14,000. Required:

asappp asappp Preblem 3 The Boe Compony purchased a computer for $15,000. Depreciation

Preblem 3 The Boe Compony purchased a computer for $15,000. Depreciation taken so far is $5,000. The computer was sold todsy for $14,000. Required: Make the foumal entries to account for the sale. Problem 4 Little Company lent $10,000 to a customer on January 1,2001 . The one-year loan comes due on December 31, 2001. The interest rate is 12%. All interest will be paid on December 31,2001. Required: Make Journal entries (debit and credit) for Little Company on the following days. Show calculations. January 1,2001

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