Hot Stone Creamery sold ice cream equipment for $14,800. Hot Stone originally purchased the equipment for $87,000, and depreciation through the date of sale totaled $69,500. Record the gain or loss on the sale of the equipment. (If no entry is required for a particular transaction/event, select "No Journ Entry Required" in the first account field.) No Transaction Answer is not complete. General Journal Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Hot Stone Creamery sold ice cream equipment for $14,800. Hot Stone originally purchased the equipment for $87,000, and
depreciation through the date of sale totaled $69,500.
Record the gain or loss on the sale of the equipment. (If no entry is required for a particular transaction/event, select "No Journa
Entry Required" in the first account field.)
No
Transaction
Answer is not complete.
General Journal
Debit
Credit
Transcribed Image Text:Hot Stone Creamery sold ice cream equipment for $14,800. Hot Stone originally purchased the equipment for $87,000, and depreciation through the date of sale totaled $69,500. Record the gain or loss on the sale of the equipment. (If no entry is required for a particular transaction/event, select "No Journa Entry Required" in the first account field.) No Transaction Answer is not complete. General Journal Debit Credit
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