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Company sold a used truck for 24,000. Original cost 62,000 and total depreciation of 18,000. Prepare journel entry to record sale of truck


I got

Dr Acc. Depreciation 18,000
DR cash ...

December 1, 2004 company borrowed 80,000 by signing a 120 day, 6% note.

a) journal entry for the borrowing on dec. 1, 2004

b) accural entry for dec 1 2004

c) the repayment of note with...

How would you journalize entries to record allowance for doubtful accounts

debit credit

accounts recv. ...

Reduce net income is my thoughts

Assume there is a sufficiently large credit balance in the allowance for uncollectible accounts. The act of writing off an uncollectible account will

a. have no effect on assets
b. reduce total...