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At December 31, 2022, Bridgeport Corporation reported the following plant assets. During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for 34,160,200
At December 31, 2022, Bridgeport Corporation reported the following plant assets. During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for 34,160,200 May 1 Sold equigment that cost $1,134,600 when purchased on January 1, 2016. The equipment was sold for $321,470. June 1 Soldisnd for $3,025,600. Theland cost $1,891,000. July 1 Purchised equipisent for $2080,100 Dee 31 Reticed equipment that cost 51,323,700 when parchased on December 31,2013 . No salvage value was received Record adjustments to accounts for depreciation for 2023. 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.) Record adjustments to accounts for depreciation for 2023. (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.) Record adjustments to accounts for depreciation for 2023. (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.) ccounts for depreciation for 2023. (If a transaction causes a decrease in Assets, Liabilities or lace a negative sign (or parentheses) in front of the amount entered for the particular Asset, that was reduced.)
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