Question
Show the General Journal entries and General Ledger accounts in the books of XYZ Business for the sale of the Equipment Original Cost of Equipment
Show the General Journal entries and General Ledger accounts in the books of XYZ Business for the sale of the Equipment
Original Cost of Equipment $52,000; Accumulated Depreciation on Equipment $25,000
Sold the Equipment for $32,200 (ex GST) on credit on 30 June.
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Financial Accounting An International Introduction
Authors: David Alexander, Prof Christopher Nobes, Chris W. Nobes
4th Edition
027372164X, 978-0273721642
