What is the journal entry foron june 30 2010 exchanged a

Reference no: EM13598355

What is the journal entry for:On June 30, 2010 exchanged a display case placed in service on June 1, 2003 (original cost $12,000) for a new display case, list price $15,000, terms F.O.B., destination. The trade-in allowance was $2,000 and the balance due was paid in cash. Freight costs are $65 and insurance in transit was $45. Display cases are classified as Store and Office Equipment. The estimated useful life of both the old and new display cases is 10 years.

Reference no: EM13598355

Questions Cloud

Andretti company has a single product called a dak the : andretti company has a single product called a dak. the company normally produces and sells 96000 daks each year at a

Knox company begins operations on january 1 because all : knox company begins operations on january 1. because all work is done to customer specifications the company decides

Operating income per employee hint the number of employees : compute the following profitability measures for the year ended december 27 2008 areturn on investment based on net

Using a present value table your calculator or a computer : using a present value table your calculator or a computer program. verify the present value of 100000 to be received in

What is the journal entry foron june 30 2010 exchanged a : what is the journal entry foron june 30 2010 exchanged a display case placed in service on june 1 2003 original cost

When you undertook the preparation of the financial : when you undertook the preparation of the financial statements for roger company at january 31 2011 the following data

In january the knox comapny requisitions raw materials for : in january the knox comapny requisitions raw materials for production as follows job 1 900 job 2 1400 job 3 700 and

Joes inc prepared an aging of its accounts receivable at : joes inc. prepared an aging of its accounts receivable at december 31 2009 and estimated that the net realizable value

Compute the amount of net income for the month if a net : an analysis of the transactions made by s. moses amp co. a certified public accounting firm for the month of august is

User Account

All Pages