Recent Posts • Latest Topics • Unanswered Questions

Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been purchased ...

Harrison

wrote...

Go to Answer

Posts: 626

Rep:

6 years ago

Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been purchased ...

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

Textbook

Financial Accounting, Canadian Edition

Edition: 5^th

Authors: Harrison, Horngren, Thomas, Berberich, Seguin

Read 434 times

8 Replies

Report

Replies

Answer verified by a subject expert

TheSin

wrote...

Posts: 380

Rep:

6 years ago

More solutions for this book are available here

Report

Related Topics

Li K.

wrote...

4 years ago

Thank u

Report

Karnbir N.

wrote...

4 years ago

thank you

Report

sophiaaaa

wrote...

3 years ago

thank you

Report

caroline y.

wrote...

3 years ago

thanku

Report

Jingxuan Z.

wrote...

3 years ago

Thank you

Report

Salma R.

wrote...

3 years ago

Thank you

Report

Ishan D.

wrote...

3 years ago

thanks

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1280 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

6572

317

264

Your Opinion

Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?

Courses by Biology Forums

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.