Question
Blue Spruce Company sells equipment on September 30, 2022, for $16,900 cash. The equipment originally cost $71,300 and as of January 1, 2022, had accumulated
Blue Spruce Company sells equipment on September 30, 2022, for $16,900 cash. The equipment originally cost $71,300 and as of January 1, 2022, had accumulated depreciation of $42,000. Depreciation for the first 9 months of 2022 is $5,150.
Prepare the journal entries to (a) update depreciation to September 30, 2022, and (b) record the sale of the equipment.
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Securing An IT Organization Through Governance Risk Management And Audit Internal Audit And IT Audit
Authors: Ken E. Sigler, III Rainey
1st Edition
0367658658, 978-0367658656
