Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Entries for sale of fixed asset Instructions Chart of Accounts First Question inction E codonyat 10.30 has an awesome witte A What the frequentat December

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Entries for sale of fixed asset Instructions Chart of Accounts First Question inction E codonyat 10.30 has an awesome witte A What the frequentat December the end the fourth A ny at the two on Apr of the yew for 51052 meteocondecor the months the sale de and me sale of the w orlome Chart of A raw W es And your ro w e dollar Instructions Chart of Accounts First Question Journal astr REVENUE Equip Chart of Accounts ASSETS 110 Cash 111 Petty Cash 112 Accounts Receivable 410 Sales traig 610 Interest Revenue 620 Gain on Sale of Delivery Truck 621 Gain on Sale of Equipment 114 Interest Receivable 115 Notes Receivable 116 Merchandise Inventory 117 Supplies 119 Prepaid Insurance EXPENSES 510 Cost of Merchandise Sold 520 Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Delivery Truck ration Delivery Truck 523 Delivery Expense 120 Land 123 Delivery Truck 124 Accumulated Depreciation-Delivery Truck 125 Equipment 126 Accumulated Depreciation Equipment 130 Mineral Rights 131 Accumulated Depletion 132 Goodwill 524 Repairs and Maintenance Expense 529 Selling Expenses 531 Rent Expense 532 Depreciation Expense-Equipment 533 Depletion Expense 534 Amortization Expense Patents 133 Patents eck My Work in Chart of Accounts First Question A What was the book value of the equipment at December 31 the end of the fourthy A JOURNAL ACCOUNTING EQUATION The of the MUUMIIIIII POST. HET CRO A TS LISTES EQUITY Check My Work Previous Next >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing

Authors: Alan H. Millichamp

8th Edition

082645500X, 9780826455000

More Books

Students also viewed these Accounting questions