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Depreciation for the 6 carts =675. Journalize the answer please. thanks . Sale of Golf Carts: Management has decided that they purchased more golf carts
Depreciation for the 6 carts =675. Journalize the answer please. thanks
. Sale of Golf Carts: Management has decided that they purchased more golf carts than they need. Management has decided to sell fouF six of the golf carts. The golf carts were sold for $22,000 $36,000 cash. Prior to the sale, the depreciation through June 30, 2018 was recorded so that the gain or loss could be recorded (see transaction above) You need to calculate the gain on the sale of the golf carts and record the journal entry in the Double Entry to record the transaction. The Excel Calculation Template has the calculation and the journal entry you need to prepare. The information that you need to prepare the journal entry for the sale of the four golf carts is: Total Sale Price Depreciation $36,000 $30,000 Student Calculates The number of golf carts sold is 6 and S36,000 is the correct sale priceStep by Step Solution
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