Flint Co. has equipment that cost $78,300 and that has been depreciated $50,300. Record the disposal...
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Flint Co. has equipment that cost $78,300 and that has been depreciated $50,300. Record the disposal under the following assumptions. It was scrapped as having no value. (a) (b) It was sold for $22,200. (c) It was sold for $29,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation (a) (b) (c) Debit SHOW LIST OF ACCOUNTS Credit Click if you would like to Show Work for this question: Open Show Work Flint Co. has equipment that cost $78,300 and that has been depreciated $50,300. Record the disposal under the following assumptions. It was scrapped as having no value. (a) (b) It was sold for $22,200. (c) It was sold for $29,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation (a) (b) (c) Debit SHOW LIST OF ACCOUNTS Credit Click if you would like to Show Work for this question: Open Show Work
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Answer Solution Journal entries No a b c Accouts title Accumulated D... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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