Accounts
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2012
1.Accounts which is decreased with a debit?
receivable,depreciation expense,sales,equipment
2.old equipment and received $7600 in cash.the book value of the equipment was 7000.journal entry..?
receivable,depreciation expense,sales,equipment
2.old equipment and received $7600 in cash.the book value of the equipment was 7000.journal entry..?
19 October 2012
1. Not clear.
2. The enrty is
Bank or Cash A/c dr 7600
To Old Equipment A/c 7000
To Profit on sale of equipment A/c 600
2. The enrty is
Bank or Cash A/c dr 7600
To Old Equipment A/c 7000
To Profit on sale of equipment A/c 600
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2012
1.Accounts which is decreased with a debit? receivable,depreciation expense,sales,equipment
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