Question
How do you get the following for NOV 1 Transaction in Question 2: November 1, 2019 Depreciation Expense13,200 Accumulated Depreciation - Vehicle13,200 # Cash50,000 Loss
How do you get the following for NOV 1 Transaction in Question 2:
November 1, 2019
Depreciation Expense13,200
Accumulated Depreciation - Vehicle13,200
#
Cash50,000
Loss on Sale of Vehicle5,200
Accumulated Depreciation - Vehicle14,800
Vehicle70,000
#
Loans Payable26,000
Cash26,000
#
Interest Expense1,690
Accrued Interest Expense1,690
#
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Risk-Based Internal Audit
Authors: Jason Lee Mefford
1st Edition
1631922629, 9781631922626
