Exercise 9-7 Crane Company has delivery equipment that cost $49,000 and has been

Question

Exercise 9-7 Crane Company has delivery equipment that cost $49,000 and has been depreciated $23,300. Record entries for the disposal under the following assumptions. (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 O for the amounts.) (a) It was scrapped as having no value. (b) It was sold for $36,900. (c) It was sold for $19,600. No. Account Titles and Explanation Debit Credit

Explanation / Answer

Journal entry :

(b) Journal entry :

c) Journal entry :

No accounts & explanation debit credit (a) Accumlated depreciation 23300 Loss on disposal of equipment 25700 Delivery equipment 49000 (To record scrap)

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.