w wileyPLUS WileyPLUS Mathway | Math Pr C Accounting questic + ·? ? ? ??? ?https

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w wileyPLUS WileyPLUS Mathway | Math Pr C Accounting questic + ·? ? ? ??? ?https://edugenxvileplus.com, ed WileyPLUS ?welcome-Looking ? Welcome-looking C) case study 2 uni Kimmel, Financial Accounting, 8e FINANCIAL ACCOUNTING (ACCT 221) Home Read. Study & Practice Gradebook ORION Downloadable eTextbook CALCULATOR MESSAGE HY PRINTER VERSION ASSIGNMENT RESOURCES Brief Exercise 9-8 HW 18 Ch 910 3-5 Your enswer is partially correct. Try agein. Crane Compsny sells office equipment on July 31, 2017, for $23,130 cash. The office equipment originally cost $81,640 and as of January 1, 2017, had accumulated depreciation of $35,870. Depreciation for the first 7 months of 2017 is s4,810 Prepare the journal entries to (a) update depreciation to July 31, 2017, and (b) record the sale of the equipment. (Credit account titios are automatically indented when amount is entered. Do not indent manually. Tf no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation a)Accumulated Depreclation-Equipment Debit Credit Equipment Gain on Dispasal of Plant Assets SHOW LIST OF ACCOUNTS Varsion 4.24.5.1 O Type here to search 49 PM 4/3/2018

Explanation / Answer

a Depreciation expense 4810 Accumulated depreciation-Equipment 4810 b Cash 23130 Accumulated depreciation-Equipment 40680 Loss on disposal of plant assets 17830 Equipment 81640

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