Exercise 7-17 (Algo) Part 2 2. Assume the tractor was sold for $11,800 instead of $18,800. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < Record the sale of tractor. Note: Enter debits before credits. Transaction 1 General Journal Cash Accumulated Depreciation Loss Equipment Debit 11,800 20,700 Credit 37,000
Exercise 7-17 (Algo) Part 2 2. Assume the tractor was sold for $11,800 instead of $18,800. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < Record the sale of tractor. Note: Enter debits before credits. Transaction 1 General Journal Cash Accumulated Depreciation Loss Equipment Debit 11,800 20,700 Credit 37,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exercise 7-17 (Algo) Part 2
2. Assume the tractor was sold for $11,800 instead of $18,800. Record the sale. (If no entry is required for a particular
transaction/event, select "No Journal Entry Required" in the first account field.)
View transaction list
Journal entry worksheet
1
Record the sale of tractor.
Note: Enter debits before credits.
Transaction
1
Cash
Accumulated Depreciation
Loss
General Journal
Equipment
Debit
11,800
20,700
Credit
37,000
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