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Asset 3 Date PLANT ASSET RECORD No. Description Filing Cabinet Bought_January 3, 2001 Date Estimated Useful Life Disposed of: 8 years 22 Serial # 89-P012 Estimated Salvage Value Discarded $50.00 Sold General Ledger Account No. 1150 G/L Account Office Equipment Original Cost $1,000.00 YEAR Annual Depreciation Expense Accumulated Depreciation Depreciation Disposal Amount Method _Straight-Line Traded Ending Book Value

Asset 3 Date PLANT ASSET RECORD No. Description Filing Cabinet Bought_January 3, 2001 Date Estimated Useful Life Disposed of: 8 years 22 Serial # 89-P012 Estimated Salvage Value Discarded $50.00 Sold General Ledger Account No. 1150 G/L Account Office Equipment Original Cost $1,000.00 YEAR Annual Depreciation Expense Accumulated Depreciation Depreciation Disposal Amount Method _Straight-Line Traded Ending Book Value

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please also complete cash receipt journal, thank you!

1 2 3 4 5 DATE FOR ASSET 3 ACCOUNT TITLE DOC. POST. NO. REF. CASH RECEIPTS JOURNAL GENERAL DEBIT CREDIT ACCOUNTS RECEIVABLE SALES CREDIT CREDIT SALES TAX PAYABLE DEBIT CREDIT PAGE SALES DISCOUNT CASH DEBIT DEBIT 1 2 3 4 5
Transcribed Image Text:1 2 3 4 5 DATE FOR ASSET 3 ACCOUNT TITLE DOC. POST. NO. REF. CASH RECEIPTS JOURNAL GENERAL DEBIT CREDIT ACCOUNTS RECEIVABLE SALES CREDIT CREDIT SALES TAX PAYABLE DEBIT CREDIT PAGE SALES DISCOUNT CASH DEBIT DEBIT 1 2 3 4 5
Asset 3 Date PLANT ASSET RECORD No. Description Filing Cabinet Bought_January 3, 2001 Date Estimated Useful Life Disposed of: 8 years 22 Serial #89-P012 Estimated Salvage Value Discarded $50.00 Sold General Ledger Account No. 1150 G/L Account Office Equipment Original Cost YEAR Annual Depreciation Expense Accumulated Depreciation Depreciation Disposal Amount $1,000.00 Method Straight-Line Traded Ending Book Value
Transcribed Image Text:Asset 3 Date PLANT ASSET RECORD No. Description Filing Cabinet Bought_January 3, 2001 Date Estimated Useful Life Disposed of: 8 years 22 Serial #89-P012 Estimated Salvage Value Discarded $50.00 Sold General Ledger Account No. 1150 G/L Account Office Equipment Original Cost YEAR Annual Depreciation Expense Accumulated Depreciation Depreciation Disposal Amount $1,000.00 Method Straight-Line Traded Ending Book Value
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