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3 The following selected information is from Ellerby Company's comparative balance sheets. 11.11 points At December 31 Furniture Accumulated depreciation-Furniture 2017 $139,500 (91,200) 2016 $
3 The following selected information is from Ellerby Company's comparative balance sheets. 11.11 points At December 31 Furniture Accumulated depreciation-Furniture 2017 $139,500 (91,200) 2016 $ 194,500 (113,200) Skipped The income statement reports depreciation expense for the year of $20,500. Also, furniture costing $55,000 was sold for its book value on December 31, 2017. Complete the general ledger accounts to calculate the cash received from the sale of furniture. eBook Furniture Beg. bal Hint End. bal 0 Print Accumulated Depreciation Beg. bal. References End. bal. Cost Accumulated depreciation Book value (Cash received) $ 0
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