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At December 3 1 , 2 0 2 2 , Sarasota Corporation reported the following plant assets. During 2 0 2 3 , the following
At December Sarasota Corporation reported the following plant assets. During the following selected cash transactions occurred. Apr. Purchased land for $ May Sold equipment that cost $ when purchased on January The equipment was sold for $ June Sold land for $ The land cost $ July Purchased equipment for $ Dec. Retired equipment that cost $ when purchased on December No salvage value was received. Prepare a tabular summary that includes the plant asset accounts and balances shown on the December balance sheet. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign or parentheses in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.
At December Sarasota Corporation reported the following plant assets.
During the following selected cash transactions occurred.
Apr. Purchased land for $
May Sold equipment that cost $ when purchased on January The equipment was sold for $
June Sold land for $ The land cost $
July Purchased equipment for $
Dec. Retired equipment that cost $ when purchased on December No salvage value was received.
Prepare a tabular summary that includes the plant asset accounts and balances shown on the December balance sheet.
If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign or parentheses in front of the amount
entered for the particular Asset, Liability or Equity item that was reduced.
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