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Please help with part b, I was able to do the first part. I posted two pictures to show the entire chart Sandhill Co. has
Please help with part b, I was able to do the first part. I posted two pictures to show the entire chart
Sandhill Co. has delivery equipment that cost $53,600 and has been depreciated $23,000. Prepare a tabular summary to record the disposal under the following assumptions. (a) Your answer is correct. It was scrapped as having no value. (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.) ned Earnings lue - Expense $ - Dividend $ eTextbook and Media Solution (b) It was sold for $36,200. (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.) Sandhill Co. has delivery equipment that cost $53,600 and has been depreciated $23,000. Prepare a tabular summary to record the disposal under the following assumptions. (a) Your answer is correct. It was scrapped as having no value. (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.) ned Earnings eTextbook and Media Solution (b) It was sold for $36,200. (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.)Step by Step Solution
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