Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
gOOvER gOOvER
wrote...
Go to Answer
Posts: 1305
Rep: 0 0
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:
Read 102 times
2 Replies
Replies
Answer verified by a subject expert
raovatallpyraovatallpy
wrote...
#1
Posts: 444
Rep: 37 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

gOOvER Author
wrote...
#2
5 years ago
Best answer
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1291 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4430
  
 22
  
 564
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 292
Previous poll results: Does a gender wage gap exist in America?