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P3(2pts). Disposal of Plant Assets: In December 31, 2021, AI Manufacturing Corporation has a plant equipment, Delivery Truck that originally cost $100,000 and has
P3(2pts). Disposal of Plant Assets: In December 31, 2021, AI Manufacturing Corporation has a plant equipment, Delivery Truck that originally cost $100,000 and has accumulated depreciation expense of $90,000. To replace an updated model, Al sold this old equipment at $30,000 cash. Journalize the retirement of the equipment. Your answers are not limited to those titles from the table below, but make a reference to. Accounts Receivable Notes Receivable Equipment Accounts Payable Notes Payable Land Depreciation Expense Common Stock Accumulated Depreciation Expense Allowance for Doubtful Accounts Retained Earnings Service Revenue Explanation Dec31, 2021 ( Debit ( ( ( ( ) (To record sale of a PPE) Credit
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