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Ivanhoe Company has delivery equipment that cost $53,300 and has been depreciated $24,500. Prepare a tabular summary to record the disposal under the following assumptions
Ivanhoe Company has delivery equipment that cost $53,300 and has been depreciated $24,500. Prepare a tabular summary to record the disposal under the following assumptions It was scrapped as having no value. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount- entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Assets .Liabilities Retained Earnings Accum. Depr.- Equip. +Common Stock Expense Dividend Revenue Equipment Bal. LUNK TO TEXT It was sold for $37,300. (If a transaction causes a decrease in Assets, Liabilities or Stockholders the particular Asset, Liability or Equity item that was reduced.) Equity, place a negative sign (or parentheses) in front of the amount entered fo- Assets Stockholders' Equity sagen Retained Earnings Equipment Accum. Depr. Equip. +Common Stock Expense Dividend anuanay LUNK TO TEXT It was sold for $19,6o0. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Stockholders' Equity saagen Retained Earnings +Equipment Accum. Depr.- Equip. +Common Stock Expense Dividend anuanay MOus a0 esanb w M mus a Pinem nad a
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