Question:
PLEASE do not answer if you dont know what you are doing... and second of all Thank you for your time and consideration in answering these questions. Show all steps Prepare journal entries for the following transactions.
a. School company disposed of fully depreciated desks. The desks had a cost of 9000 and no residual value.
b. Kingdom corporation sold equipment for 2000 cash. The original cost of the equipment was 23,800, accumulated depretiation up to the date of sale amounted to 18800.
c. Kingdom corporation sold equipment for 6500 cash, the original cost of the equipment was 23,800, accumulated depreciation up to the date of sale amounted to 18800.