Sunland Company has delivery equipment that cost $54,500and has been depreciated $24,800.

tabular summary to record the disposal under the following assumptions.

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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.)

Assets=Liabilities+Stockholders' EquityRetained EarningsCash+Equipment-Accum. Depr. - Equip.=+Common Stock+Revenue-Expense-DividendBal.$

$

$

$

$

$

$

Loss on disposal

Gain on disposal

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It was sold for $36,100.(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.)

Assets=Liabilities+Stockholders' EquityRetained EarningsCash+Equipment-Accum. Depr. - Equip.=+Common Stock+Revenue-Expense-DividendBal.$

$

$

$

$

$

$

Loss on disposal

Gain on disposal

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Your answer is partially correct.Try again.

It was sold for $19,200.(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.)

Assets=Liabilities+Stockholders' EquityRetained EarningsCash+Equipment-Accum. Depr. - Equip.=+Common Stock+Revenue-Expense-DividendBal.$

$

$

$

$

$

$

Loss on disposal

Gain on disposal

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