Huang Furniture Company showed the following adjusted account balances on September 30, 2023: Prepare the entries to

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Huang Furniture Company showed the following adjusted account balances on September 30, 2023:

Prepare the entries to record the following on October 1, 2023:

a. Equipment was sold for cash of $17,000.

b. Machinery was sold for cash of $27,000.

c. Delivery truck was sold for cash of $11,000.

d. Furniture was given to a charity.

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Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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Question Posted: Jun 05, 2023 06:45 AM

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Huang Furniture Company showed the following adjusted account balances on September 30, 2023: Prepare the entries to

Question:

Equipment Accumulated depreciation, equipment Machinery Accumulated depreciation, machinery 96,000 Delivery truck 48,000 Accumulated depreciation, delivery truck 33,000 Furniture 26,000 Accumulated depreciation, furniture 21,000 $ 56,000 39,000 109,000

Step by Step Answer:

a 2023 Oct 1 b Oct 1 C Oct 1 Accumulated Depreciation Equipment Cash Equipment To record sale of ...View the full answer

Fundamental Accounting Principles Volume 2

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