33. If the equipment in the previous question had sold for $15,000, the correct entry would be: a. Cash debit $15,000. Gain credit $3,000.
33. If the equipment in the previous question had sold for $15,000, the correct entry would be: a. Cash debit $15,000. Gain credit $3,000. $12,000 Equipment credit b. Cash debit $15,000. Debit a loss for $3,000. Accumulated depreciation credit $18,000 c. Cash debit $15,000. Accumulated depreciation debit $18,000. Gain credit $3,000. $30,000 equipment credit d. Cash debit $15,000 and sales credit $15,000.
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Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
