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CALCULATOR PRINTER VERSION BACK Exercise 10-1O Pryce Company owns equipment that cost $70,200 when purchased on anuary 1, 2017. It has been depreciated using the
CALCULATOR PRINTER VERSION BACK Exercise 10-1O Pryce Company owns equipment that cost $70,200 when purchased on anuary 1, 2017. It has been depreciated using the straight-line method based on estimated salvage value of $4,700 and an estimated useful life of 5 years Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not inden manually. Round answers to 0 decimal places, e.g.125. If no entry is required, select "No Entry" for the account titles and enter 0 fo the amounts.) (a) Sold for $34,300 on January 1, 2020 (b) Sold for $34,300 on May 1, 2020. (c) Sold for $10,500 on January 1, 2020 (d) Sold for $10,500 on October 1, 2020 No. Acceant Titles and Explanation Credit To record depreciation) To record sale of equipment)
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