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Prepare journal entries to record these transactions. (a) Ayayai Company retires its delivery equipment, which cost $43,000. Accumulated depreciation is also $43,000 on this delivery equipment. No salvage value is received. (List all debit entries before credit entries. 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.) Account Titles and Explanation Debit Credit

Prepare journal entries to record these transactions. (a) Ayayai Company retires its delivery equipment, which cost $43,000. Accumulated depreciation is also $43,000 on this delivery equipment. No salvage value is received. (List all debit entries before credit entries. 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.) Account Titles and Explanation Debit Credit

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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Prepare journal entries to record these transactions. (a) Ayayai Company retires its delivery equipment, which cost $43,000. Accumulated depreciation is also $43,000 on this delivery equipment. No salvage value is received. (List all debit entries before credit entries. 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.) Account Titles and Explanation Debit Credit
Transcribed Image Text:Prepare journal entries to record these transactions. (a) Ayayai Company retires its delivery equipment, which cost $43,000. Accumulated depreciation is also $43,000 on this delivery equipment. No salvage value is received. (List all debit entries before credit entries. 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.) Account Titles and Explanation Debit Credit
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