1 answer

2.00 points 33,600 a. $ 15,400 cash b. $16,000 cash C. $12,700 cash

Question:

2.00 points 33,600 a. $ 15,400 cash b. $16,000 cash C. $12,700 cash
2.00 points 33,600 a. $ 15,400 cash b. $16,000 cash C. $12,700 cash

Answers

a) Journal entry disposal of truck :

Date accounts & explanation debit credit
Cash 15400
Accumlated depreciation 33600
Delivery truck 49000
(To record disposal of truck)

b) Journal entry disposal of truck :

Date accounts & explanation debit credit
Cash 16000
Accumlated depreciation 33600
Gain on disposal of delivery truck 600
Delivery truck 49000
(To record disposal of truck)

c) Journal entry disposal of truck :

Date accounts & explanation debit credit
Cash 12700
Accumlated depreciation 33600
Loss on disposal of delivery truck 2700
Delivery truck 49000
(To record disposal of truck)
.

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