As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 10 years old for $1,800 cash. The original cost of the shelves was $6,500 and they had been depreciated on a straight-line basis over an estimated useful life of 12 years with an estimated residual value of $800. Record the sale of the shelving units. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet No journal entry required Accounts payable Record the sa Accounts receivable Accumulated depreciation, store fixtures Note: Enter debits Additional paid-in capital Transaction Allowance for uncollectible accounts Debit Credit 1 Record entry Clear entry View general Journal As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 10 years old for $1,800 cash. The original cost of the shelves was $6,500 and they had been depreciated on a straight-line basis over an estimated useful life of 12 years with an estimated residual value of $800. Record the sale of the shelving units. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Amortization expense Record the sa Building Cash Note: Enter debits Common stock Depreciation expense Transaction Debit Credit 1 Record entry Clear entry View general journal As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 10 years old for $1,800 cash. The original cost of the shelves was $6,500 and they had been depreciated on a straight-line basis over an estimated useful life of 12 years with an estimated residual value of $800. Record the sale of the shelving units. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Equipment Record the sa Gain on sale of store fixtures Goodwill Interest expense Note: Enter debits Inventories Debit Credit Transaction 1 Record entry Clear entry View general Journal 4 As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 10 years old for $1,800 cash. The original cost of the shelves was $6,500 and they had been depreciated on a straight-line basis over an estimated useful life of 12 years with an estimated residual value of $800. oints Record the sale of the shelving units. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list eBook Journal entry worksheet Print References Inventories Record the se Land Note: Enter debits Loss on sale of store fixtures Note payable Note receivable Transaction Debit Credit Record entry Clear entry View general journal
