Funseth Farms Inc. purchased a tractor in 2013 at a cost of $30,000. The tractor...

60.1K

Verified Solution

Question

Accounting

image
image
Funseth Farms Inc. purchased a tractor in 2013 at a cost of $30,000. The tractor was sold for $3,000 in 2016. Depreciation recorded through the disposal date totaled $26,000. Required: 1. Prepare the journal entry to record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale of tractor Note: Enter debits before credits DE & SOZOPOLSOSA MacBook Pro Journal entry worksheet Record the sale of tractor. Note: Enter debits before credits. Event 1 General Journal Debit Credit 1 LE Record entry Clear entry View general journal DE ROOS DO CORITOSOS MacBook Pro 20000000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students