Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement,

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Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of purchasing a new loader (Loader 3) to replace an existing loader (Loader 2). The new loader costs $115,200. The new loader will be paid for by trading in the existing loader for a credit of $15,200 and the remaining $100,000 will be financed through the dealership.
CHART OF ACCOUNTS

Using the chart of accounts in Figure 2-1, determine the 169984

The xisting loader was purchased for $95,000 and $83,230 of depreciation had beentaken.

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