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Shaded cells have feedback General Journal Instructions Perfect Auto Rentals sold one of its cars on January Score: 0/136 1, 2019. Perfect had acquired the
Shaded cells have feedback General Journal Instructions Perfect Auto Rentals sold one of its cars on January Score: 0/136 1, 2019. Perfect had acquired the car on January 1, GENERAL JOURNAL 2017, for $23,400. At acquisition Perfect assumed that the car would have an estimated life of 3 years DATE ACCOUNT TITLE POST, REF DEBIT CREDIT and a residual value of $3,000. Assume that Perfect 1 has recorded straight-line depreciation expense for 2017 and 2018. 3 Required: Prepare the journal entry to record the f the car assuming the car sold for sale 6 (a) $9,800 cash, (b) $7,500 cash, and (c) 7 $11,500 cash. The company recorded the car as equipment. 9 10 11
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