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    mari719's Avatar
    mari719 Posts: 1, Reputation: 1
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    #1

    Jun 2, 2011, 06:58 AM
    Accounting
    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
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Jun 2, 2011, 07:31 AM

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

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