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Ayayai Co. has equipment that cost $77,800 and that has been depreciated $49,800. Record the disposal under the following assumptions. (a) It was discarded with
Ayayai Co. has equipment that cost $77,800 and that has been depreciated $49,800. Record the disposal under the following assumptions. (a) It was discarded with no cash received. (b) It was sold for $24,800. (c) It was sold for $33,400. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation (a) Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets Equipment (b) Cash Loss on Disposal of Plant Assets Accumulated Depreciation-Equipment Equipment (c) Debit Credit Equipment (b) Cash 24800 Loss on Disposal of Plant Assets Accumulated Depreciation-Equipment Equipment (c) Cash Accumulated Depreciation-Equipment Gain on Disposal of Plant Assets Equipment
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