Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the curl up & dye hair salon has died. it must

The Curl up & Dye Hair Salon has died. It must liquidate it's assets. It...

80.2K

Verified Solution

Question

Accounting

The Curl up & Dye Hair Salon has died. It must liquidate it's assets. It has a building it must sell that originally cost $150,000. As of the sale date, the accumulated depreciation account had a balance of $40,000. The Luna Sea Tanning Salon agrees to buy the building for $310,000 CASH!!!!! Produce the journal entry to record this transaction for Curl Up & Dye.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Biochem Lab: Explain the basis for the stacking gel portion of a polyacrylamide gel. Describe how...

Chemistry
Q

T is a tree graph on 10 vertices, each is labled with an integer from 1-10....

Advance Math
Q

What is a Production Plan? What is a Production Order? What are the differences between them? Please...

General Management
Q

The period of oscillation vibration magnetometer of a magnet in is 2 sec The period...

Physics
Q

The motion of the collar at A is controlled by a motor B such that...

Basic Math
Q

A Canadian study measuring depression level in teens as reported in the Journal of Adolescence...

Statistics
Q

Find an equation of the tangent line to the graph of y = g(x) at...

Calculus
Q

1 Find the Laplace Transforms of the following functions a b c t f 1...

Calculus
Q

If you are not going to answer all the questions. then do not answer any....

Accounting
Q

On August 23, 2020, Dale bought a computer for $75,000 for business use. This was...

Accounting
Q

One strategy managers use to reduce the holding costs of inventory is a. electronic tags....

Accounting
Q

eimbursement-type grant revenues are recognized in the accounting period in which Select one: a. expenditures...

Accounting