contestada

On January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of $28,000. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

Respuesta :

Answer:

Explanation:

The journal entry is shown below:

Accumulated depreciation - machine A/c Dr $28,000

Loss on disposal of machine A/c $1,000

         To Cash $1,000

         To Machinery A/c $28,000

(Being the disposal of machinery is recorded)

For disposal of machinery, we debited the accumulated depreciation, loss on disposal of machine and credited the cash account and machinery account

Otras preguntas