Question: please help with instructions A B C D E9-10 Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2016. It has been

please help with instructions A B C D
E9-10 Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2016. It has been depreciated using the straight-line method based on an estimated sal- vage value of $5,000 and an estimated useful life of 5 years. Instructions Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations. (a) Sold for $31,000 on January 1, 2019. (b) Sold for $31,000 on May 1, 2019 (c) Sold for $11,000 on January 1, 2019. (d) Sold for $11,000 on October 1, 2019
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
