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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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