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

The national average price per gallon for gasoline is normally distributed with a mean (currently)...

Algebra
Q

using method of undetermined coefficients obtain real solution y''''+y''=12x^2+4sinx

Basic Math
Q

Prove a cubic is reducible over R (using conjugate pairs) if necessary

Advance Math
Q

Describe the physical effects and interferences that the method of standard additions would correct or compensate...

Chemistry
Q

Highly virulent lesions that causes toxemia, shock, & intravascular coagulation are seen in patients with...

Biology
Q

m Block A is in equilibrium Now block A given velocity V 2 direction Maximum...

Physics
Q

Write the vector 1 2 2 as a linear combination of the vectors 1 0...

Basic Math
Q

Question 5 12 5 points Which function does the graph show 5 4 3 2...

Algebra
Q

Part A B C D Required information [The...

Accounting
Q

In the traditional classroom, you have universities that has many unoccupied seats. The question is...

Accounting
Q

12) OSHA does not require a hotel to develop a written Emergency Action and Fire...

Accounting
Q

on January 1, 2020, for the general ledger of the grand finale fireworks includes the...

Accounting