Question: Please solve this problem Exercise 12-6 The following three accounts appear in the general ledger of Flint Corporation during 2017 Equipment Date Jan. 1 Balance
Please solve this problem



Exercise 12-6 The following three accounts appear in the general ledger of Flint Corporation during 2017 Equipment Date Jan. 1 Balance uly 31 Purchase of equipment Sept. 2 Cost of equipment constructed Nov 10 Debit Credit Balance 321,280 461,840 568,264 98,392 469,872 140,560 106,424 Cost of equipment sold Accumulated Equipment Date Jan. 1 Nov 10 Dec. 31 Balance Accumulated depreciation on equipment sold Depreciation for year Debit Credit Balance 142,568 110,440 56,224 166,664 32,128
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