Gunkelson Company sells equipment on September 30, 2015, for $20,790 cash. The equipment original… 1 answer below »

Gunkelson Company sells equipment on September 30, 2015, for $20,790 cash. The equipment originally cost $72,450 and as of January 1, 2015, had accumulated depreciation of $42,100. Depreciation for the first 9 months of 2015 is $5,750. Prepare the journal entries to (a) update depreciation to September 30, 2015, and (b) record the sale of the equipment. (If no entry is required, select “No entry” for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation (a) (b)

 

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code “Newclient” for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.

The post Gunkelson Company sells equipment on September 30, 2015, for $20,790 cash. The equipment original… 1 answer below » appeared first on Affordable Nursing Writers.