Blossom Limited sold equipment on September for $ cash. The equipment originally cost $ when purchased
on January It had an estimated residual value of $ and a useful life of five years. Depreciation is recorded annually and
was last recorded on December the company's year end.
Prepare the journal entry to update depreciation using the straightline method to September List debit entry before
credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required,
select No Entry" for the account titles and enter for the amounts.
Account Titles and Explanation
eTextbook and Media
List of Accounts
Prepare the journal entry to record the sale of the equipment. List all debit entries before credit entries. Credit account titles are
automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles
and enter for the amounts.
Account Titles and Explanation
Debit
Credit
