Part 4 of 4 points Points: 0,68 of 1 Save During 2016, Stora Company completed the following transactions (Click the icon to view transactions) Record the transactions in the journal of Stora Company (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) BBB Jan 1 Traded in old office equipment with book value of $64,000 (cost of $150,000 and accumulated depreciation of S94000) for new equipment Store also paid 5100,000 in cash. Fair value of new equipment is 5170,500 Assume the exchange had commercial substance (Record a single compound journal entry) Date Accounts and Explanation Debit Credit Jan 1 Office Equipment (new) 170,500 Accumulated Depreciation - Office Equipment 94,000 Office Equipment (old) 158.000 Cash 100.000 Gain on Disposal 6,500 Exchanced old office equipment and cash for new office curament Help me solve this Demodocs examplo Get more help Clear all Check answer During 2016, Stora Company completed the following transactions (Click the icon to view transactions) Record the transactions in the joumal of Stora Company (Record debits first, then credits. Select the explanation on the last Ina of the journal entry tablo) GD Apr. 1. Sold equipment that cost $12,000 (accumulated depreciation of 96.000 through December 31 of the preceding your Stora received $2.400 cash from the sale of the equipment Depreciation is computed on a straight-line basis. The equipment has a five-year useful life and a residual value of 50 Before we record the sale of the equipment, we must record depreciation on the equipment through April 1, 2016 Date Accounts and Explanation Debit Credit Apr 1 Depreciation Expense-Equipment 600 Accumulated Depreciation --Equipment 500 To record partial year depreciation on equlament Now record the sale of the equipment on April 1 dules Clear all Check answer Help me solve this Demodocs example Get more help ols Global Edition Save During 2016, Stora Company completed the following transactions (Click the foon to view transactions) Record the transactions in the journal of Stora Company (Record dabits first, then credits Select the explanation on the last line of the journal entry table) Now record the sale of the equipment on April 1 Date Accounts and Explanation Debit Credit Apr 1 Cash 2400 Loss on Disposal 3,000 Accumulated Depreciation Equipment 6,600 Equipment 12,000 To record sale of equipment Dec 31 Recorded depreciation on the office equipment Office equipment is depreciated using the double-declining balance method over four years with 59,000 residual value ules Help me solve this Demodocs example Get more help Clear alt Check answer Global Edition (Click the icon to view transactions) Record the transactions in the journal of Stora Company. (Record debits first, then credits. Select the explanation on the last line of the journal entry tablo) GOEDO Equipment 12U To record sale of equipment Dec 31 Recorded depreciation on the office equipment Office equipment is depreciated using the double-declining balance method over four years with a $9,000 residual value Date Accounts and Explanation Debit Credit Dec 31 Clear all Check answer Get more help Help me solve this Demodocs example Global Edition