motor vehicle had closing carrying amount at the time of sale of $15000 es.zip (1.1) 600.00 200.00
Fantastic news! We've Found the answer you've been seeking!
Question:
motor vehicle had closing carrying amount at the time of sale of $15000
Transcribed Image Text:
es.zip (1.1) 600.00 200.00 0.00 Practice activity Activity 2: Incomplete entries Complete the following incomplete ledgers for the disposal of the motor vehicle. Use the links under "required" to input the data from the tables and complete the tasks. Table 7-Ledger Balances Ledger Balances Motor Vehicle Accumulated Depreciation 1) Table 8-Cash Book Cash Book 30/6/21 30/6/22 60,000.00 50,000.00 (10,000.00) (12,000.00) $ Receipts Proceeds from sale of Motor 13,200.00 (Including GST) Vehicle Payments Purchases of new Motor Vehicle 22,000.00 (Including GST) es.zip (1.1) 600.00 200.00 0.00 Practice activity Activity 2: Incomplete entries Complete the following incomplete ledgers for the disposal of the motor vehicle. Use the links under "required" to input the data from the tables and complete the tasks. Table 7-Ledger Balances Ledger Balances Motor Vehicle Accumulated Depreciation 1) Table 8-Cash Book Cash Book 30/6/21 30/6/22 60,000.00 50,000.00 (10,000.00) (12,000.00) $ Receipts Proceeds from sale of Motor 13,200.00 (Including GST) Vehicle Payments Purchases of new Motor Vehicle 22,000.00 (Including GST)
Expert Answer:
Answer rating: 100% (QA)
Here are the detailed journal entries for the disposal of the motor vehicle with stepbystep workings ... View the full answer
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Posted Date:
Students also viewed these accounting questions
-
Jan Flenderson, marketing manager at Awesome Bits Games (ABG), was starting to get worried. The Kickstarter crowdfunding campaign for the latest company board game, Undead Rising, had gone live at 3...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
2. An analog baseband signal of bandwidth 125 kHz is quantized using a -law quantizer with -200. The signal is then sampled at a rate 3 times its Nyquist rate. The resulting data rate of the...
-
Ocean Worthy uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanized steel, assembling the lift, and testing the completed lift. The lifts are...
-
Describe an accounting method that would eliminate some key inconsistencies that often arise in by-product reporting.
-
Why have strategic alliances and joint ventures become a popular way of growing internationally?
-
A company that manufactures paving material for driveways and parking lots expects the following demand for its product for the next four weeks: The companys labor and machine standards and available...
-
Come up with a company then answer these questions Imagine this company has 5 divisions, and 2 of them are losing money What type of analysis should you do in order to decide which ones to eliminate?...
-
Ben Derby is a highly paid scout for a professional baseball team. He attends at least five or six Major League Baseball games a week and watches as many recorded games as he can in order to evaluate...
-
1)Modify the program and Find the Factorial for number 10. 2) Modify the program to prompt the user to enter an integer number Less than 25 and Find the Factorial for the number and (Best use while...
-
Jet takes off 300 yards in front of a 140 foot ATCT tower at a speed of 130 knots. If the plane flies in a straight line, at what angle of elevation must the plane take off so it abstains from...
-
If the 10-year Treasury bond rate is 5.4%, the inflation premium is 2.5%, and the maturity-risk premium on 10-year Treasury bonds is 0.2%, assuming that there is no liquidity-risk premium on these...
-
Stress management programs designed to help employees understand organizational stress and develop ways to cope with it are an example of which type of people-oriented change technique? Give answer...
-
Soriano Company is preparing its master budget for 2 0 2 2 . Relevant data pertaining to its sales, production, and direct materials budgets are as follows:Sales: Sales for the year are expected to...
-
Describe one campaign component of your Marketing Project. Marketing campaign components include but are not limited to advertising in different media (television, radio, print, etc.) digital...
-
. O e) net income 1 2 3 Question 23 (1 point) 4 Raider wants to acquire Underperformer for $142,500.00 in the form of either cash or stock. The synergy value of the deal is $26,250.00. Raider has...
-
QUESTION 2 The CEO of Farisha Hijab Sdn Bhd insisted on further investigation to be carried out that he also required Mr Muaz to conduct the analysis of variance for the material and labour of the...
-
Refer to the information given in Problems P12-23 and P12-27 for Alamo and its subsidiary, Western Ranching. Assume that the U.S. dollar is the functional currency and that Alamo uses the fully...
-
The following information relates to Dane City during its fiscal year ended December 31, 20X2: 1. On October 31, 20X2, to finance the construction of a city hall annex, Dane issued 8 percent, 10-year...
-
DeKalb City Council approved and adopted its 20X2 budget that contained the following amounts: Estimated revenues ........... $700,000 Appropriations .................. 660,000 Authorized transfer...
-
Dollar/Euro Forwards. Use the following spot and forward bid-ask rates for the U.S. dollar/euro (US$/) from December 10, 2010, to answer the following questions: a. What is the mid-rate for each...
-
Swissie Triangular Arbitrage. The following exchange rates are available to you. (You can buy or sell at the stated rates.) Assume you have an initial SF12,000,000. Can you make a profit via...
-
Aussie Dollar Forward. Use the following spot and forward bid-ask rates for the U.S. dollar/Australian dollar (US$ = A$1.00) exchange rate from December 10, 2010, to answer the following questions:...
Study smarter with the SolutionInn App