Question
Mini Computers purchased a delivery truck 4 years ago for $20,000. Currently the accumulated depreciation on the truck is $12,000. Required: Prepare journal entries to
Mini Computers purchased a delivery truck 4 years ago for $20,000. Currently the accumulated depreciation on the truck is $12,000. Required: Prepare journal entries to show the sale of the truck assuming each of the following situations independently: 1 The truck is sold for $10,000 cash. 2 The truck is sold for $5,000 cash.
| Solution: | ||||
| Date | Account | Debit | Credit | |
| #1 | ||||
| #2 | ||||
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Auditing And Financial Management Actions Taken By DOD On GAO Recommendations To Improve Spare Parts Requirements Determination NSIAD 85 61
Authors: U.S. Government Accountability Office
1st Edition
1287183859, 978-1287183853
