Do It! Review 9-3 Bridgeport Company has an old factory machine that cost $61.500. The...
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Do It! Review 9-3 Bridgeport Company has an old factory machine that cost $61.500. The machine has accumulated depreciation of $34,440. Bridgeport has decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) (a) What entry would Bridgeport make to record the sale of the machine for $30,750 cash? (D) What entry would Bridgeport make to record the sale of the machine for $18,450 cash? No. Account Tities and Explanation Credit Debit 34440 (a) Accumulated Depreciation Equipment Cash 30750 Equipment Gain on Disposal of Plant Assets (b) Accumulated Depreciation-Equipment 34440 Cash 18450 Loss on Disposal of Plant Assets 15990 Equipment SHOW LIST OR ACCOUNTS
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