Problem 1: Anchor Klanker Company sold equipment on June 30, 2005 for $70,000. The equipment had cost $100,000 and had $50,000 of accumulated depreciation as of January 1, 2005. Depreciation for the first 6 months of 2005 was $5,000.
Required: Prepare the journal entry to record the sale of the equipment.
Problem 2: Rum Dum and Company originally purchased a dump truck for $66,000. The truck had a 10-year useful life, and the accumulated depreciation was $30,000 when they sold the truck for $25,000.
Required: Prepare the journal entry to record the sale of the truck.
We, at Journal Entry to Record Sale Assignment Help service as well accept short deadline assignment order and are capable to complete and submit the academic task within the stipulated time period; without even compromising with the quality of the academic content. We never fail in this concern.
Tags: Journal Entry to Record Sale Assignment Help, Journal Entry to Record Sale Homework Help, Journal Entry to Record Sale Coursework, Journal Entry to Record Sale Solved Assignments