Required information
Problem A Algo Record the disposal of equipment LO
The following information applies to the questions displayed below.
New Morning Bakery is in the process of closing its operations. It sold its twoyearold bakery ovens to Great
Harvest Bakery for $ The ovens originally cost $ had an estimated service life of years, had an
estimated residual value of $ and were depreciated using straightline depreciation. Complete the
requirements below for New Morning Bakery.
Problem A Algo Part
Record the sale of the ovens at the end of the second year. If no entry is required for a transactionevent select No
Journal Entry Required" in the first account field.
Journal entry worksheet
Record the sale of ovens.
Note: Enter debits before credits.
