![kerarucker12pe384k](/avatars/46219.jpg)
kerarucker12pe384k
22.11.2019 •
Business
Crane company sells office equipment on july 31, 2022, for $21,850 cash. the office equipment originally cost $77,730 and as of january 1, 2022, had accumulated depreciation of $39,740. depreciation for the first 7 months of 2022 is $4,030. prepare the journal entries to (a) update depreciation to july 31, 2022, and (b) record the sale of the equipment.
Solved
Show answers
More tips
- W Work and Career 10 Best Ways To Find A Job: Tips To Land Your Dream Job...
- L Leisure and Entertainment How to Choose a Program for Cutting Music?...
- A Auto and Moto How to choose the right drive for your BMW...
- L Leisure and Entertainment How to Choose the Perfect Gift for Men on February 23rd?...
- H Health and Medicine How to Treat Whooping Cough in Children?...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
Answers on questions: Business
- B Business According to , the typical perspective held by managers is that employees dislike work, must be monitored, and can be motivated only with rewards and punishment ( carrots...
- B Business When managers employ a profile schema of the characteristics of good, poor, and outstanding employees they are using a(n) schema to compare present employees and job candidates....
- B Business Compare the way a multinational firm organizes the marketing research effort with the way a global or transnational firm approaches the organizing issue....
- B Business When companies adjust their processes to be sure they offer high-quality products and good service at competitive prices they are responding to which external force? a....
- B Business Planning normally is performed by middle managers and typically has a one-year time frame? 1. strategic planning 2. tactical planning 3. operational planning 4. contingency...
- B Business Irving manz works for ben s food market. he is paid weekly on the basis of a 40-hour week at the rate of $8.95 and hour with time-and-a-half for overtime. during one week...
- B Business The first step in setting goals is calculating your net worth evaluating your long-term goals evaluating your short-term goals memorizing your goals...
- B Business Regarding service characteristics, which of the following is often difficult to illustrate demonstrate , or display?...
- B Biology Which form of weathering most likely caused the reddish coloring of the grand canyon?...
- M Mathematics Michelle withdrew 120 from her bank account. she now has 3345 in her account. write and solve an equation to find how much money m was in her account before she made the...
Ответ:
Explanation:
The journal entries are shown below:
a. Depreciation Expense A/c Dr $4,030
To Accumulated Depreciation - Machinery A/c $4,030
(Being depreciation expense is recorded)
b. Cash A/c Dr $21,850
Accumulated Depreciation - Office equipment A/c $43,770
Loss on Disposal of Office equipment A/c $12,110
To Office equipment A/c $77,730
(Being sale of machinery is recorded and the remaining balance is debited to the loss on Disposal of office equipment A/c)
The accumulated depreciation is computed below:
= $39,740 + $4,030
= $43,770
Ответ:
they work in some type of way