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Namet ID: D 31, Strike Company has decided to discard one of its batting cages. The initial cost of equipmient was $215,000 with an accumulated
Namet ID: D 31, Strike Company has decided to discard one of its batting cages. The initial cost of equipmient was $215,000 with an accumulated depreciation of $185,000. Depreciation has b the end of the year. The following will be included in the entry to record a. Credit Equipment $215,000 b Credit Gain on Disposal of Asset $30,000 e. Debit Accumulated Depreciation $215,000 d. Debit Loss on Disposal of Asset $185,000 the disposal. 32. The ascounting equation may be expressed as a Assets Liabilities -Stockholders' Equity b Assets Equities Liabilities e. Assets + Liabilities Stockholders' Equity d. Assets- Revenues- Liabilities 3 33. Allowance for Doubtful Accounts has a credit balance of $1,400 at the end of the year (before adjustment). The company prepares an analysis of customers' accounts to estimate the amount of uncollectible accounts of 7,900. Which of the following adjusting entries would be made to record the Bad Debt Expense for the year? debit allowance for doubtful Accounts, $16,500; credit Bad Debt Expense, $16,500 b. a. debit Bad Debt Expense, $19,300, credit Allowance for Doubtful Accounts, $19,300 debit Allowance for Doubtful Accounts $19,300, credit Bad Debt Expense, $19,300 d. e. debit Bad Debe Expense, $16,500, credit allowance for Doubtful Accounts, $16,500 Which of the following below is an example of a capital expenditure? a. cleaning the carpet in the front room b. replacing all burned-out light bulbs in the factory c. replacing an engine in a company car d. tune-up for a company truck 34
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