Pharoah Company has delivery equipment that cost $47,800 and has been depreciated $25,000. Record entries for the disposal under the following assumptions. (Credit account titles are automaticaly Indented when amount Is Do not Indent manually. If no entry Is required, select "No Entry for the account titles and enter 0 for the amounts.) (a) It was scrapped as having no value. (b) It was sold for $37,200. (c) It was sold for $19,900. No. Account Titles and Explanation Debit Credit (a)

Pharoah Company has delivery equipment that cost $47,800 and has been depreciated $25,000. Record entries for the disposal under the following assumptions. (Credit account titles are automaticaly Indented when amount Is Do not Indent manually. If no entry Is required, select "No Entry for the account titles and enter 0 for the amounts.) (a) It was scrapped as having no value. (b) It was sold for $37,200. (c) It was sold for $19,900. No. Account Titles and Explanation Debit Credit (a)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 15E: The following are independent errors: a. In January 2019, repair costs of 9,000 were debited to the...

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