Question
Ayayai Company has an old factory machine that cost $50,250. The machine has accumulated depreciation of $28,140. Ayayai has decided to sell the machine. (Credit
Ayayai Company has an old factory machine that cost $50,250. The machine has accumulated depreciation of $28,140. Ayayai has decided to sell the machine. (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 0 for the amounts.)
| (a) | What entry would Ayayai make to record the sale of the machine for $25,125 cash? | |
|---|---|---|
| (b) | What entry would Ayayai make to record the sale of the machine for $15,075 cash? |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Observation And Audit Techniques For Measuring Retail Sales
Authors: Earl E. Houseman
1st Edition
0428139841, 978-0428139841
