Question: Prepare the entries for the transactions using a general journal. 1. Discarding an asset. a. On January 4, shelving units, which had a cost
Prepare the entries for the transactions using a general journal. 1. Discarding an asset. a. On January 4, shelving units, which had a cost of $6,640 and had accumulated depreciation of $6,160, were discarded. b. On June 15, a hand cart, which had a cost of $1,510 and had accumulated depreciation of $1,380, was sold for $130. c. On October 1, a copy machine, which had a cost of $6,700 and had accumulated depreciation of $6,370, was sold for $395. Page: 1 1 2 3 4 5 6 2009 7 8 DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20-- 1 Jan. 4 2 3 m t 4 US 5 6 7 June 15 89 10 11 12 Oct. 1 10 11 12
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
