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QS 9-15 Disposal of PPE LO6 Huang Furniture Company showed the following adjusted account balances on September 30, 2017: Equipment Accumulated depreciation, equipment. Machinery
QS 9-15 Disposal of PPE LO6 Huang Furniture Company showed the following adjusted account balances on September 30, 2017: Equipment Accumulated depreciation, equipment. Machinery Accumulated depreciation, machinery. Delivery truck... Accumulated depreciation, delivery truck. Furniture Accumulated depreciation, furniture. $ 56,000 39,000 109,000 96.000 48,000 33,000 26,000 21,000 Click here for a description of List: QS 9-15. Prepare the entries to record the following on October 1, 2017: a. Equipment was sold for cash of $17,000. b. Machinery was sold for cash of $27,000. c. Delivery truck was sold for cash of $11,000. d. Furniture was given to a charity. QS 9-16 Exchanging PPE LO6 Dean Carpet Stores owned an automobile with a $15,000 cost that had $13,500 accumulated depreciation as of December 31, 2017. Its fair value on this date was $3,000. On the same day, Dean exchanged this auto for a computer with a fair value of $5,800. Dean was required to pay an additional $2,750 cash. Prepare the entry to record this transaction for Dean
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