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Whispering Winds Co. has equipment that cost $74,500 and that has been depreciated $49,500. Record the disposal under the following assumptions. (a) It was discarded with no cash received. (b) It was sold for $19,000. (c) It was sold for $27,000. (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.) No. Account Titles and Explanation Debit Credit (a) (b) (c) SU

Whispering Winds Co. has equipment that cost $74,500 and that has been depreciated $49,500. Record the disposal under the following assumptions. (a) It was discarded with no cash received. (b) It was sold for $19,000. (c) It was sold for $27,000. (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.) No. Account Titles and Explanation Debit Credit (a) (b) (c) SU

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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Whispering Winds Co. has equipment that cost $74,500 and that has been depreciated $49,500. Record the disposal under the following assumptions. (a) It was discarded with no cash received. (b) It was sold for $19,000. (c) It was sold for $27,000. (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.) No. Account Titles and Explanation Debit Credit (a) (b) (c) SU
Transcribed Image Text:Whispering Winds Co. has equipment that cost $74,500 and that has been depreciated $49,500. Record the disposal under the following assumptions. (a) It was discarded with no cash received. (b) It was sold for $19,000. (c) It was sold for $27,000. (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.) No. Account Titles and Explanation Debit Credit (a) (b) (c) SU
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