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Instructions Perfect Auto Rentals sold one of its cars on January 1, 2019. Perfect had acquired the car on January 1, 2017 for $25,300. At
Instructions Perfect Auto Rentals sold one of its cars on January 1, 2019. Perfect had acquired the car on January 1, 2017 for $25,300. At acquisition Perfect assumed that the car would have an estimated We of 3 years and a residual value of 54,000. Assume that Perfect han recorded straight-line depreciation expense for 2017 and 2018 Required: Prepare the journal anby to record tho sano or the car assuming the car sold for () $11.700 cash, (D) $3.700 cash, and (c) 512,600 arsh. The company recorded the car as equipment Instructions Chart of Accounts General Journal Instructions Chart of Accounts General Journal BALANCE SHEET ING DAN ACCOUNT TITLE POSTER DET CREDIT ASET LARUTE EQUITY AVENUE
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