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Sunland Company has delivery equipment that cost $51,200 and has accumulated depreciation of $23,300. Record entries for the disposal under the following assumptions. (List all
Sunland Company has delivery equipment that cost $51,200 and has accumulated depreciation of $23,300. Record entries for the disposal under the following assumptions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) It was scrapped as having no value. (b) It was sold for $36,300. (c) It was sold for $18,100. No. Account Titles and Explanation Debit (a) Accumulated Depreciation-Equipment (b) Loss on Disposal of Plant Assets Equipment Cash 23300 23300 36300 Accumulated Depreciation-Equipment 23300 Credit 51200 Question 6 of 8 Cash Accumulated Depreciation-Equipment Gain on Disposal of Plant Assets Equipment (c) Cash Accumulated Depreciation-Equipment 36300 23300 18100 23300 Loss on Disposal of Plant Assets 9800 Equipment eTextbook and Media List of Accounts 2.73/3 E! 9800 51200 51200
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