Question: MESSAGE HY INSTRUCTOR LL Exercise 7-7 (Part Level Submission) Ivanhoe Company has delivery equlpment that cost $52,500 and has been depreciated $24,400. Prepare a tabular
MESSAGE HY INSTRUCTOR LL Exercise 7-7 (Part Level Submission) Ivanhoe Company has delivery equlpment that cost $52,500 and has been depreciated $24,400. Prepare a tabular summary to record the disposal under the following assumptions (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered h the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Cash Equipment Accum. Depr,-Equip. + Common Stock Revenue E Expense Dividend Bal. 0oen Show Work Click if you would like to Show Work for this
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