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Exercise 9-7 Wang Co. has delivery equipment that cost $50,640and has been depreciated $24,130. Record entries for the disposal under the following assumptions.(Credit account titles
Exercise 9-7
Wang Co. has delivery equipment that cost $50,640and has been depreciated $24,130.
Record entries for the disposal under the following assumptions.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(a) | It was scrapped as having no value. |
(b) | It was sold for $36,830. |
(c) | It was sold for $18,060. |
No. | Account Titles and Explanation | Debit | Credit |
(a) | |||
(b) | |||
(c) | |||
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