Disposal of a Capital Asset Jolie Company owns equipment with a cost of $437,500 and accumulated...
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Disposal of a Capital Asset Jolie Company owns equipment with a cost of $437,500 and accumulated depreciation of $280,000. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $173,300 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 -2. Jolie sold the equipment for $146,500 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 Disposal of a Capital Asset Jolie Company owns equipment with a cost of $437,500 and accumulated depreciation of $280,000. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $173,300 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 -2. Jolie sold the equipment for $146,500 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9
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Journal entries 1 Date Particulars Debit Credit Apr 9 Cash 17330... View the full answer
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