Answer:
Books of the Kingbird Co.
Date Particular Debit $ Credit $
Equipment - New (balancing figure) a/c Dr 17,200
Accumulated depreciation (old a/c) Dr 26,600
To, Equipment - Old 39,200
To Cash a/c 4,200
Books of the Oriole Co.
Equipment - New (39,200 - 14,000 - 4,200) a/c Dr 21,000
Accumulated depreciation a/c Dr 14,000
Cash a/c Dr 4,200
To Equipment - Old a/c 39,200
Explanation:
Books of the Kingbird Co.
Date Particular Debit $ Credit $
Equipment - New (balancing figure) a/c Dr 17,200
Accumulated depreciation (old a/c) Dr 26,600
To, Equipment - Old 39,200
To Cash a/c 4,200
Books of the Oriole Co.
Equipment - New (39,200 - 14,000 - 4,200) a/c Dr 21,000
Accumulated depreciation a/c Dr 14,000
Cash a/c Dr 4,200
To Equipment - Old a/c 39,200
