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gOOvER gOOvER
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6 years ago
Starmount Company Ltd. sold an old copy machine for $3,200. The old copy machine cost $9,000 and had accumulated amortization totalling $6,500. The entry to record the sale is:
A)
Cash   3,200   
Accum. Amort.-Office Equip.   6,500   
          Office Equipment       9,000
          Gain on Sale of Office Equip.      700

B)
Cash   3,200   
Loss on Sale of Office Equip.   5,800   
          Office Equipment       9,000

C)
Cash   3,200   
Accum. Amort.-Office Equip.   6,500   
          Office Equipment       9,700

D)
Cash   3,200   
Loss on Sale of Office Equip.   3,300   
          Office Equipment       6,500
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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raovatallpyraovatallpy
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6 years ago
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gOOvER Author
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5 years ago
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