Question: Prepare journal entries to record these transactions. ( a ) Blue Spruce Corp. retires its delivery equipment, which cost $ 4 4 , 0 0

Prepare journal entries to record these transactions. (a) Blue Spruce Corp.

Prepare journal entries to record these transactions.
(a)
Blue Spruce Corp. retires its delivery equipment, which cost $44,000. Accumulated depreciation is also $44,000 on this delivery equipment. No salvage value is received. (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.)
Account Titles and Explanation
Debit
Credit
Attempts: 0 of 2 used
retires its delivery equipment, which cost $44,000. Accumulated depreciation is also $44,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Brief Exercises Determine the cost of land. BE10.1 (LO1), AP These expenditures were incurred by McCoy Company in purchasing land: cash price $50,000, assumed accrued taxes $3,000, attorneys' fees...

Q:

Please Help. it's Urgent. Prepare entries for disposal by retirement. BE10.9 (103), AP Prepare journal entries to record these transactions. a. Sound Tracker Company retires its delivery equipment,...

Q:

Prepare journal entries to record these transactions. (a) Sound Tracker Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery...

Q:

Prepare journal entries to record these transactions. (a) Pina Colada Company retires its delivery equipment, which cost $45,000. Accumulated depreciation is also $45,000 on this delivery equipment....

Q:

6:50 PM Thu Apr 20 Amortization The allocation of the cost of a limited-life in- tangible asset to expense over its useful life in a systematic and rational manner (p. 401). Capital expenditures...

Q:

LI 109 (Part Level Submission) Prepare journal entries to record the following. (a) Sound Tracker Company retires its delivery equipment, which cost $46,000. Accumulated depreciation is also $46,000...

Q:

Prepare journal entries to record the following. a. Sound Tracker Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery equipment. No...

Q:

pls help on 13-3&13-4 13-3 Prepare journal entries to record the following: (a) Mayorga Fine Foods retires its delivery equipment, which cost $45,000. Accumulated depreciation is also $45,000 on this...

Q:

BE10-9 Prepare journal entries to record the following. (a) Sound Tracker Company retires its delivery equipment, which cost $41,000. Accumu- lated depreciation is also $41,000 on this delivery...

Q:

Blue Spruce Corp. retires its delivery equipment, which cost $ 4 4 , 0 0 0 . Accumulated depreciation is $ 3 7 , 0 0 0 , on the delivery equipment. No salvage value is received. ( Credit account...

Q:

Find the equation of the line of the circle passing through the origin and cutting of equal intercept 1 from the lines 4y=3x and 3y=4x

Q:

Since happiness is extremely subjective, how do you objectively measure and assess happiness? Do you agree with J. S. Mill that arithmetic can be used to calculate happiness? Is money a good proxy...

Q:

Which of the following is the most fundamental way by which people influence government? Group of answer choices grass - roots pressure writing their representatives in Washington voting...

Q:

William Bryant is the new owner of Ace Computer Services. At the end of August 2012, his first month of ownership, Bryant is trying to prepare monthly financial statements. Below is some information...

Q:

Petersen Company has a capital budget of $1.2 million. The company wants to maintain a target capital structure which is 60 percent debt and 40 percent equity. The company forecasts that its net...

Q:

Garcia Corporation purchased a truck by issuing an $80,000, 4-year, zero interest-bearing notes to Equinox Inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal...

Q:

The chocolate crumb mystery this story begins with Problem 56 in Chapter 23 and continues through Chapters 24 and 25. The chocolate crumb powder moved to the silo through a pipe of radius R with...

Q:

This is the trial balance of Mimosa Company on September 30. The October transactions were as follows.Oct. 5 Received $1,300 in cash from customers for accounts receivable due.10 Billed customers for...

Q:

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

Q:

(Sale-Leaseback) On January 1, 2007, Laura Dwyer Company sold equipment for cash and leased it back. As seller-lessee, Laura Dwyer retained the right to substantially all of the remaining use of the...

Q:

How should consolidated financial statements be re- ported this year when statements of individual compa- nies were presented last year?

Q:

Prior to 2008, Mary Boudreau Inc. excluded manufac- turing overhead costs from work in process and finished goods inventory. These costs have been expensed as incurred. In 2008, the company decided...