8-8. Disposal of asset. Gone & Gone have a Patent that has a value on the books of $22,000. Complete a, b, and c below. a. Journalize the sale of the Patent for $27,000. dilarol o the entry to Journalize the sale of the Patent for $19,000. b. of asset soidaem 000.07 Journalize the effect of the loss of a lawsuit that cost $15,000. C.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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8-8.
Disposal of asset.
Gone & Gone have a Patent that has a value on the books of $22,000. Complete a, b, and
c below.
a.
Journalize the sale of the Patent for $27,000.
dilarol
o
the entry to
Journalize the sale of the Patent for $19,000.
b.
of asset
soidaem
000.07
Journalize the effect of the loss of a lawsuit that cost $15,000.
C.
Transcribed Image Text:8-8. Disposal of asset. Gone & Gone have a Patent that has a value on the books of $22,000. Complete a, b, and c below. a. Journalize the sale of the Patent for $27,000. dilarol o the entry to Journalize the sale of the Patent for $19,000. b. of asset soidaem 000.07 Journalize the effect of the loss of a lawsuit that cost $15,000. C.
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