Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 01 Aug 2017 My Price 6.00

general journal

Prepare the entries for the following transactions using a general journal:
1. Discarding an asset.
(a) On January 4, shelving units, which had a cost of $6,400 and had accumulated depreciation of $5,900, were discarded.
(b) On June 15, a hand cart, which had a cost of $1,500 and had accumulated depreciation of $1,350, was sold for $150.
(c) On October 1, a copy machine, which had a cost of $7,200 and had accumulated depreciation of $6,800, was sold for $450.
2. Exchange or trade-in of assets.
(a) On December 31, a drill press, which had a cost of $60,000 and had accumulated depreciation of $48,000, was traded in for a new drill press with a fair market value of $75,000. The old drill press and $65,000 in cash were given for the new drill press.
(b) On December 31, the old drill press in (a) and $60,000 in cash were given for the new drill press.

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Aug 2017 03:08 PM My Price 6.00

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