Marigold Manufacturing has old equipment that cost $57,000. The equipment has accumulated depreciation of $28,400. Marigold has decided to sell the equipment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (a) What entry would Marigold make to record the sale of the equipment for $33,000 cash? What entry would Marigold make to record the sale of the equipment for $15,000 cash? (b) Account Titles and Explanation Debit Credit (a) (b)

Marigold Manufacturing has old equipment that cost $57,000. The equipment has accumulated depreciation of $28,400. Marigold has decided to sell the equipment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (a) What entry would Marigold make to record the sale of the equipment for $33,000 cash? What entry would Marigold make to record the sale of the equipment for $15,000 cash? (b) Account Titles and Explanation Debit Credit (a) (b)

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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