Crystal Clear
Jun 18, 2009, 02:20 PM
On July 23rd a used truck was sold for $3,500. The truck had an original cost of $2,200 and accumulated depreciation on the date of sale $1,200. How would I journalize this?
 |
|||
| |
|||
 |
  |
 |
|
| |
|||
     |
|||
|
|||
| |
|||
|
|
|
|
| |
|||
|
|||
Crystal Clear Jun 18, 2009, 02:20 PM On July 23rd a used truck was sold for $3,500. The truck had an original cost of $2,200 and accumulated depreciation on the date of sale $1,200. How would I journalize this? rehmanvohra Jul 1, 2009, 07:22 AM Debit Cash 3,500 Debit Accumulated depreciation 1,200 Credit Vehicles 2,200 Credit Gain on disposal of vehicles 2,500 Copyright ©2005-, Ask Me Help Desk
|
||||||||