Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. olie company owns equipment with a cost of $250,00

olie Company owns equipment with a cost of $250,000 and accumulated depreciation of $105,000. Required:...

70.2K

Verified Solution

Question

Accounting

olie Company owns equipment with a cost of $250,000 and accumulated depreciation of $105,000.

Required:

Prepare the journal entry to record the disposal of the equipment on April 9 assuming:

Question Content Area

1. Jolie sold the equipment for $152,300 cash. If an amount box does not require an entry, leave it blank.

Jolie sold the equipment for $134,900 cash. If an amount box does not require an entry, leave it blank.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

An aluminum rod is subject to electrolysis in an aqueous solution resulting in the production of...

Chemistry
Q

What is behavioral ecology The study of how the environment affects ecology The study of...

Biology
Q

Suppose you play a game in which a fair 6-sided die is rolled once. If...

Basic Math
Q

Identify a pair of alternate interior angles in the dia

Calculus
Q

Which of the following values are a solution to sin 20 cos for 0 s0s...

Algebra
Q

On January 1 of the current year, Feller Corporation issued $3,000,000 of 10% debenture bonds...

Accounting
Q

Sanford Company The Sanford Company had the following balance sheet as of December 31, 20x2....

Accounting
Q

Suponga que el 1 de abril, Jerome, Inc., pag $100 000 para comprar los bonos...

Accounting
Q

discuss in detail how performance evaluation can be impacted by the choice of a costing...

Accounting
Q

Along with other required inputs used to price an option, historical volatility is calculated from:...

Finance
Q

Total debt ratio can be calculated if we know the firm has a debt-equity ratio...

Finance
Q

Shareholder D transfer a building to K Corporation that has a basis of $50,000 and...

Accounting