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Can anyone solve this question please? Carla Vista Company owns equipment that cost $ 69,000 when purchased on January 1, 2019. It has been depreciated
Can anyone solve this question please?
Carla Vista Company owns equipment that cost $ 69,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on estimated salvage value of $ 5.400 and an estimated useful life of 5 years. Prepare Carla Vista Company's journal entries to record the sale of the equipment in these four independent situations. (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 for the amounts.) (b) Sold for $33.160 on January 1, 2022. Sold for $ 33,160 on May 1, 2022. Sold for $ 10.700 on January 1.2022. c) (d) Sold for $ 10.700 on October 1.2022 No. Account Titles and Explanation Debit Credit Cath 33.160 (a) Cash 33,160 Accumulated Depreciation Equipment Equipment 69,000 Gain on Disposal of Plant Assets (6) Depreciation Expense 1 Accumulated Depreciation Equipment To record depreciation) Accumulated Dereciation Equiment Can Do Donatot Pontes tuprem (a Cash Accumulated Depreciation Equipment Loss en Disposal of Plant Assets Equipment (d) Depreciation Expense Accumulated Depreciation Equipment I (To record depreciation) Cash Accumulated Depreciation Equipment Loss on Disposato Plant Assets Laurent (To record sale of equipment) Step by Step Solution
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