Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount...
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Accounting
Prepare journal entries to record these transactions. (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 0 for the amounts.) (a) Sunland Company retires its delivery equipment, which cost $48,030. Accumulated depreciation is also $48,030 on this delivery equipment. No salvage value is received. (b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $36,360 instead of 48,030. No. Account Titles and Explanation Debit Credit (a) Accumulated Depreciation Equipment 48030 Delivery equipment 48030 (b) ) Accumulated Depreciation Equipment 36360 Loss on Disposal of Land TUE Delivery equipment 36360
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