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VII. On January 2, the 1st day of business of the current year, Kamila Company...

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Accounting

VII. On January 2, the 1st day of business of the current year, Kamila Company sold a car that cost $ 50 500 and on which $ 33 400 of accumulated depreciation had been recorded. For each of the following assumptions, prepare the journal entry for the disposal: 1 ) the car was sold for $ 17 100 cash. 2) the car was sold for $ 14 000 cash. 3) The car was sold for $ 22 000 cash

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