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15 Carlton Company sells office equipment on September 30, 2010, for $24,412 cash. The office equipment originally cost $76,982 and as of January 1, 2010,
15 Carlton Company sells office equipment on September 30, 2010, for $24,412 cash. The office equipment originally cost $76,982 and as of January 1, 2010, had accumulated depreciation of $43,492. Depreciation for the first 9 months of 2010 is $6,140. Prepare the journal entries to (a) update depreciation to September 30, 2010 and (b) record the sale of the equipment. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.) Description/Account Credit Debit (a) 1.__________________ $__________ 2.__________________ $__________ (b) 3.__________________ $__________ 4.__________________ $__________ 5.__________________ $__________ 6.__________________ $__________ he options for the blanks 1-6 are: Loss on disposal, Gain on disposal, Accum. depr.-office equipment, Depreciation expense-office equipment, Office equipment, or Cash. Thank you
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