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

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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

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Chapter1: Financial Statements And Business Decisions

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Exam 2
Daenerys 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 unique
cases, assuming that she sells the equipment for
00%
Q
(1) $50,900 cash
(2) $38,600 cash, and
(3) $33,500 cash.
Collapse
View transaction fist
Journal entry worksheet
A
B C
Record the sale of equipment assuming Daenerys sells the equipment to Arya
for $50,900 cash.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Drey
Credit
36 of 40
600
Next >

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