Prepare the journal entries to update depreciation

Assignment Help Other Subject
Reference no: EM131559707

Antone Company sells office equipment on July 31, 2017, for $21,000 cash. The office equipment originally cost $72,000 and as of January 1, 2017, had accumulated depreciation of $42,000. Depreciation for the first 7 months of 2017 is $4,600. Prepare the journal entries to (a) update depreciation to July 31, 2017, and (b) record the sale of the equipment.

Reference no: EM131559707

Questions Cloud

What could your team have done to be more effective : How effective was the team approach? What major challenges did the team face and how were they resolved? What could your team have done to be more effective?
Incorporated into capital budgeting analysis : In 250 words, discuss how a project's risk can be incorporated into capital budgeting analysis.
Alternative to a comprehensive budget : When is a cash flow budget a useful alternative to a comprehensive budget?
Why present the information in fragmented sections : Why present the information in fragmented sections rather than as an essay that moves linearly through the plot? What is the overarching message of each essay?
Prepare the journal entries to update depreciation : Prepare the journal entries to (a) update depreciation to July 31, 2017, and (b) record the sale of the equipment
What is the estimated irr for this investment : The interest rate on the loan will be 7%. What is the estimated IRR for this investment?
Discuss latest developments surrounding the issue : Describe what the first steps will be in helping them to resolve their issue. Discuss latest developments surrounding the issue.
A strategy for improving one of the facilitys safety scores : The IOM's report has been followed up by subsequent reports with increasing numbers of preventable errors causing deaths in U.S. hospitals.
Sketch the graph of the given function : Determine the values of x for which the given function is discontinuous. At each number where f is discontinuous, indicate which condition(s) for continuity.

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd