On july 1 gyminny delivery services a acquired a new truck

Assignment Help Accounting Basics

Reference no: EM13593745

On July 1, Gyminny Delivery Services a acquired a new truck with a list price (fair market value) of $191,000. Gyminny received a trade in allowance of $ 32,500 an old truck of similar type and paid cash of $158,500. The following information about the truck is obtained from the account in the equipment ledger: cost, $120,000;annual depreciatio, $20,000. Assume the exchange has commercial substance.Jornalize the entries to record the trasaction on July 1. If an amount box does not require an enry, leave it blank or enter "0".

Reference no: EM13593745

Questions Cloud

Runcke motor company manufactures automobiles during : runcke motor company manufactures automobiles. during september 2011 the company purchased 5000 head lamps at a cost of

Astudent hears a sound with an intensity of l 1610-6 wm2 : the human ear can detect a minimum intensity of lo 10-12 wm2. a student hears a sound with an intensity of l 1610-6

If 600 j of heat are added to 50 g of water initially at 20 : if 600 j of heat are added to 50 g of water initially at 20 degrees c.how much energy is this in calories?what is the

A piano string is under a tension of t 778n when struck : a piano string is under a tension of t 778n. when struck the wave has a period of t 0.6ms and a wavelength of

On july 1 gyminny delivery services a acquired a new truck : on july 1 gyminny delivery services a acquired a new truck with a list price fair market value of 191000. gyminny

The string has a mass of m 99g and length l when the : a guitar string is under a tension of t 198n. the string has a mass of m 99g and length l. when the string is

Wage and tax statement data and employer fica taxjocame inc : wage and tax statement data and employer fica tax.jocame inc. began business on january 2 2013. salaries were paid to

Unpolarized light goes through six polaroid sheets each : unpolarized light goes through six polaroid sheets. each polaroid sheet is at an angle of 30deg from the one before it.

A student calculates the frequency of a waveform produced : question a student calculates the frequency of a waveform produced by a tuning fork to be 303 hz. if the tuning fork is

User Account

All Pages