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Pina Corporation owns machinery that cost $27,200 when purchased on july 1, 2014. Depreciation has been recorded at a rate of 53,264 per year resuting
Pina Corporation owns machinery that cost $27,200 when purchased on july 1, 2014. Depreciation has been recorded at a rate of 53,264 per year resuting n a balance The machinery is seld on September 1, 2018, for $14,280. 2017 accumulated depreciation of fli 424 at Dece er 31 0 Prepare journal entries to (a) update depreciation for 2018 and (b) record the sale. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit Depreclation Expense 2176 Accumulated Depreciation-Equipment 2176 b) Cash ccumulated Depreciation-Equipment 13600 Equipment 27,200 Gain on Disposal of Machinery
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