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On January 2 , 2 0 2 1 , Salamone Furniture purchased display shelving for $ 8 , 5 0 0 cash, expecting the shelving
On January Salamone Furniture purchased display shelving for $ cash, expecting the shelving to remain in service for five years. Salamone depreciated the shelving on a doubledecliningbalance basis, with $ estimated residual value. On September the company sold the shelving for $ cash. Read the requirement. Start by recording depreciation expense on the shelving for Record debits first, then credits. Exclude explanations from any journal entries. Journal Entry tableDateAccounts,Debit,CreditSep :endarray Now record the sale of the shelving on September Journal Entry Sep
On January Salamone Furniture purchased display shelving for $ cash, expecting the shelving to remain in service for five years. Salamone depreciated the shelving on a doubledecliningbalance basis, with $ estimated residual value. On September the company sold the shelving for $ cash.
Read the requirement.
Start by recording depreciation expense on the shelving for Record debits first, then credits. Exclude explanations from any journal entries.
Journal Entry
tableDateAccounts,Debit,CreditSep :endarray
Now record the sale of the shelving on September
Journal Entry
Sep
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