Tequila Mockingbird, a liquor store, purchased a new pointofsale system to improve efficiency in ringing up customers. The pointofsale system cost $ has an estimated useful life of years or customers served, and an estimated residual salvage value of $ The pointofsale system served customers in year customers in year customers in year and customers in year
Suppose that Tequila Mockingbird sold the pointofsale system at the end of the fourth year for $ cash after it was fully depreciated Record the journal entry for the sale:
Journal entry worksheet
Tequila Mockingbird sold the pointofsale system at the end of the fourth year for $ cash after it was fully depreciated
Note: Enter debits before credits.
tableABCDDate,Account Title,Debit,CreditDecember st
