Lozz entertainment provides disk jockey services for weddings and other events. At a recent gathering, one of Lozz's recently purchased speakers that began to smoke and was deemed unusable. Lozz decided to scrap the speaker.
The original cost of the speaker was $500 and lozz had recognized $100 of depreciation on it at the time of scrapping. Prepare the journal entry recording the scrapping of the speaker

The requirements of this board are that you at least attempt to do the homework.

Announcement: (https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html)

If you'll do that, we can see where you are having problems and give you help. Thanks.