Wilbur Company sells equipment on March 31, 2014, for $15,000 cash. The equipment was purchased on January
Question:
Adjusting journal entries are made annually at the company's year end, December 31. Prepare the journal entries to
(a) Update depreciation to March 31, 2014,
(b) Record the sale of the equipment,
(c) Record the sale of the equipment if Wilbur Company received $9,000 cash for it.
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a Mar 31 Depreciation Expense 86400 2200 6 312 3508 Accumulated Deprec...View the full answer
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Related Book For 
Accounting Principles Part 2
ISBN: 978-1118306796
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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