Macho Taco sold a food truck on March 1, 2023. The accounts showed adjusted balances on February 28, 2023, as follows: Food Truck $ 45,000 Accumulated Depreciation, Food Truck 24,250 Required: Record the sale of the food truck assuming the cash proceeds were: 20,750 23,100 19,500 $0 (the food truck was scrapped).
Macho Taco sold a food truck on March 1, 2023. The accounts showed adjusted balances on February 28, 2023, as follows: Food Truck $ 45,000 Accumulated Depreciation, Food Truck 24,250 Required: Record the sale of the food truck assuming the cash proceeds were: 20,750 23,100 19,500 $0 (the food truck was scrapped).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Macho Taco sold a food truck on March 1, 2023. The accounts showed adjusted balances on February 28, 2023, as follows: Food Truck $ 45,000
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