Exam 2Daenerys Targaryen, Queen of Westeros and Mother of Dragons, owns jousting equipment that had an original cost of $82,000.As of July 31, 20x2, Daenerys had recorded a total of $43,400 in accumulated depreciation.On that date, Queen Daenerys sells the equipment to Arya of House Stark.Record Daenerys July 31, 20x2 entries associated with the sale of the jousting equipment under each of the following three uniquecases, assuming that she sells the equipment for00%Q(1) $50,900 cash(2) $38,600 cash, and(3) $33,500 cash.CollapseView transaction fistJournal entry worksheetAB CRecord the sale of equipment assuming Daenerys sells the equipment to Aryafor $50,900 cash.Note: Enter debits before credits.TransactionGeneral JournalDebitDreyCredit36 of 40600Next >

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Description: Exam 2Daenerys Targaryen, Queen of Westeros and Mother of Dragons, owns jousting equipment that had an original cost of $82,000.As of July 31, 20x2, Daenerys had recorded a total of $43,400 in accumulated depreciation.On that date, Queen Daenerys se

Disposal of Asset Asset disposal is accounted for by removing the asset cost and any accumulated…

Answered: Record Daenerys July 31, 20x2 entries…

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Record Daenerys July 31, 20x2 entries cases, assuming that she sells the equipment for (1) $50,900 cash (2) $38,600 cash, and 3) $33,500 cash.

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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