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Please Help on the two numbers i got wrong, i only have one attempt left, i don't know what they could be. - Accumulated Depreciation

image text in transcribedPlease Help on the two numbers i got wrong, i only have one attempt left, i don't know what they could be.

- Accumulated Depreciation - Equipment

- Gain on disposal of equipment

Question 3 Your answer is partially correct. Try again. Carla Vista Ltd. purchased an electric wax melter on April 30, 2020, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase: List price new melter $15,900 Cash paid 5,800 Cost of old melter (5-year life, $600 residual value) 14,100 Accumulated depreciation on old melter (straight-line) 8,100 Market value of old melter in active secondary market 6,570 Assuming that Carla Vista's fiscal year ends on December 31 and depreciation has been recorded through December 31, 2019, prepare the journal entries that are necessary to record this exchange. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense 900 900 Accumulated Depreciati (To record depreciation expense to date of exchange) TEquipment 12,370 TAccumulated Depreciation 8,100 Gain on Disposal of Equ 570 Equipment 14,100 Cash 5,800 (To record equipment exchange)

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