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PLEASE DO IT FOR A AND B AND COMPLETE IT IN THE SAME FORMAT. Pina Company has an old factory machine that cost $68,500. The
PLEASE DO IT FOR A AND B AND COMPLETE IT IN THE SAME FORMAT.
Pina Company has an old factory machine that cost $68,500. The machine has accumulated depreciation of $38,360. Pina has decided to sell the machine. (a) (b) Prepare a tabular summary to record the sale of the machine for $34,250 cash. Prepare a tabular summary to record the sale of the machine for $20,550 cash. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) (a ) Assets Cash + Equipment Accum. Depr. - Equip. Bal. $ $ Stockholders' Equity Retained Earnings Expense Common Stock Revenue $ Stockholders' Equity Retained Earnings Expense e Dividend $ $Step by Step Solution
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