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Other Fields Homework Help Accounting Topic started by: Harrison on Nov 10, 2017



Title: Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been purchased ...
Post by: Harrison on Nov 10, 2017
Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been purchased for $26,500 and Stout Corp. had estimated the useful life at 8 years and residual value at $3,500. The journal entry to record the sale of the equipment will include a:
A) debit to Loss on Sale of Equipment for $900
B) credit to Accumulated Depreciation for $23,000
C) credit to Equipment for $2,700
D) credit to Equipment for $3,500


Title: Re: Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been ...
Post by: TheSin on Nov 10, 2017
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Title: Re: Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been ...
Post by: Li Kara on Nov 6, 2019
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Title: Re: Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been ...
Post by: Karnbir Nijjar on Mar 3, 2020
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Title: Re: Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been ...
Post by: sophiaaaa on Jun 6, 2020
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Title: Re: Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been ...
Post by: caroline yang on Jun 7, 2020
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Title: Re: Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been ...
Post by: Jingxuan Zhao on Nov 1, 2020
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Title: Re: Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been ...
Post by: Salma Refaat on Nov 1, 2020
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Title: Re: Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been ...
Post by: Ishan Dey on Nov 1, 2020
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