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The following three accounts appear in the general ledger of Flint Corp. during 2025. Date Jan. 1 July 31 Sept. 2 Nov. 10 Date Jan.
The following three accounts appear in the general ledger of Flint Corp. during 2025. Date Jan. 1 July 31 Sept. 2 Nov. 10 Date Jan. 1 Nov. 10 Dec. 31 Balance Purchase of equipment Purchase of equipment Cost of equipment sold Balance Equipment Accumulated depreciation on equipment sold Depreciation for year Debit 105,000 Accumulated Depreciation-Equipment 79,500 Debit 24,000 Credit 73,500 Credit 42.000 Balance 240,000 345,000 424,500 351,000 Balance 106,500 82,500 124 500
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