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please help w these four parts thank you in advance 2. Assume that a machine with a cost of $3,000 has accumulated depreciation of $1,500.
please help w these four parts thank you in advance
2. Assume that a machine with a cost of $3,000 has accumulated depreciation of $1,500. It was sold for $1,800. Which of the following would be part of the journal entry to record this sale? a. credit Accumulated Depreciation for $1,500 b. credit the Machine account for $1,500 c. credit Loss on Disposal for $300 d. credit Gain on Disposal for $300 3. Assume an older truck with a cost of $18,000 has accumulated depreciation of S10,000. The older truck and $21,000 cash are traded for new equipment valued at $30,000. Which of the following would be part of the journal entry to record this exchange? a. debit Gain on Disposal for $1,000 b. credit Accumulated Depreciation, Truck for $10,000 c. credit Gain on Disposal for $2,000 d. debit Equipment for $30,000 4. Jill Hamlin borrowed $10,000 from the bank on August 31, issuing the bank a 12% note due on November 30. The entry to record accrued interest on the note on September 30 (the end of the first month after the note was made) would include: a. debit Interest Expense for $295.89 b. debit Interest Payable for $295.89 c. debit Interest Expense for $98.63 d. debit Interest Payable for $98.63 5. During April, Koduck Cameras sold 150 instant cameras for $100 each. Each camera had cost Koduck $60 to manufacture, and carried a one-year warranty. If 4% typically need to be replaced over the warranty period, and two are actually replaced during April, for what amount in April should Koduck debit Warranty Expense? a. $600 c. $240 b. $360 d. $120
please help w these four parts thank you in advance
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