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Flint Co. has equipment that cost $78,300 and that has been depreciated $50,300. Record the disposal under the following assumptions. (a) It was scrapped as

Flint Co. has equipment that cost $78,300 and that has been depreciated $50,300. Record the disposal under the following assumptions.

(a) It was scrapped as having no value.
(b) It was sold for $22,200.
(c) It was sold for $29,500.

(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 0 for the amounts.)

No.

Account Titles and Explanation

Debit

Credit

(a)

(b)

(c)

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