Question
A Sales Revenue ACCOUNT TITLES BC Common Stock B Additional Paid in Capital - Common BD Bonds Payable C Loss on Disposal of Plan
A Sales Revenue ACCOUNT TITLES BC Common Stock B Additional Paid in Capital - Common BD Bonds Payable C Loss on Disposal of Plan Assets D Treasury Stock E Miscellaneous Expense BE Paid in Capital - Treasury Stock CD Allowance for Uncollectible Accounts CE Cash Dividend Accumulated Depreciation - AB DE Notes Payable Equip. AC Accounts Receivable ABC Depreciation Expense AD Gain on Disposal of Plan Assets ABD Cash ABE Equipment AE Bad Debts Expense At the end of year 20X2 (2 full years of equipment use), ABC Company sells one of the pieces of equipment for $5,000 cash. Assume annual straight-line depreciation of $2,000 (remember the original cost is $10,000 for one piece of equipment). Please journalize the sale of the single piece of equipment. D-ABD-5000 D-AB-4000 CC 1000
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