The following information was taken from the records of Dylan's Toys: Equipment with a cost of $8,000
Question:
The following information was taken from the records of Dylan's Toys:
Equipment with a cost of $8,000 was sold during 2021.
a. How much equipment was purchased during 2021?
b. How much cash was collected on the sale of the equipment during 2021?
c. Provide the journal entry to record the sale of the equipment.
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a 45000 Equipment cost 8000 37000 equip...View the full answer
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