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The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of two computers at the end of thelr useful IIves. The computers had
The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of two computers at the end of thelr useful IIves. The computers had cost $4,660 and thelr Accumulated Depreclation was $4,660. No residual value was recelved. b. Assume the same Information as (a), except that Accumulated Depreclation, updated to the date of disposal, was $3,320. Requlred: Prepare journal entrles to record above transactions. (If no entry Is requlred for a transaction/event, select "No Journal Entry Requlred" In the flrst account fleld.) Journal entry worksheet Record the disposal of computers that had cost $4,660 and their accumulated depreciation to the date of disposal was $4,660. Note: Enter debits before credits. Journal entry worksheet Record the disposal of computers that had cost $4,660 and their accumulated depreciation to the date of disposal was $3,320. Note: Enter debits before credits
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