Please do not give image format and explanation Record the disposals. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry isrequired, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journalentries in the order presented in the problem.)DateApr. 1July 30Nov. 1 VAccount TitlesAccumulated Depreciation - EquipmentLoss on DisposalEquipmentCashAccumulated Depreciation - EquipmentLoss on DisposalEquipmentVehiclesAccumulated Depreciation - VehiclesLoss on DisposalVehiclesCashDebit504005600130012480260WTCredit5600014040I The following are some transactions of Carla Vista Company for 2024. Carla Vista Company uses straight-line depreciation and has aDecember 31 year end.Apr. 1July 30Nov. 1Retired a piece of equipment that was purchased on January 1, 2015, for $56,000. The equipment had an expecteduseful life of 10 years with no residual value.Sold equipment for $1,300 cash. The equipment was purchased on January 3, 2022, for $14,040 and was depreciatedover an expected useful life of three years with no residual value.Traded in an old vehicle for a new vehicle, receiving a $10,000 trade-in allowance and paying $36,000 cash. The oldvehicle had been purchased on November 1, 2018, at a cost of $35,800. The estimated useful life was eight years andthe estimated residual value was $7,000. The fair value of the old vehicle was $9,400 on November 1, 2024.

Name: Please do not give image format and explanation Record the disposals.
Uploaded: 2024-03-05T11:50:36.000Z
Channel: Bartleby
Description: Please do not give image format and explanation Record the disposals. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry isrequired, select "No Entry" for the account titles and enter O f