Info
Warning
Danger
/ Homework Answers / Accounting / Question Exercise 9-7 Blossom Company has delivery equipment that cost $57,000 and

Question

Question

Exercise 9-7

Blossom Company has delivery equipment that cost $57,000 and has been depreciated $23,600.

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 0 for the amounts.)

No.

Account Titles and Explanation

Debit

Credit

(a)

(b)

(c)

(a)

 

It was scrapped as having no value.

(b)

 

It was sold for $37,300.

(c)

 

It was sold for $18,300.

 

Solution
5 (1 Ratings )

Solved
Accounting 6 Months Ago 20 Views
This Question has Been Answered!
Premium Content -