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andrezito [222]

3 years ago

15

On January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of

$28,000. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
No Date General Journal Debit Credit
1 Jan. 2 Gain on disposal of machinery 1,000
Accumulated depreciation 28,000

1 answer:

Alex Ar [27]3 years ago

3 0

Answer:

Dr Accumulated depreciation-Machinery 28,000

Dr Loss on disposal 1000

Cr Cash 1000

Cr Machinery 28,000

Explanation:

Based on the information given the appropriate journal entry to record the transaction on On January 2 is :

On January 2

Dr Accumulated depreciation-Machinery 28,000

Dr Loss on disposal 1000

Cr Cash 1000

Cr Machinery 28,000

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Working

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A profit-maximizing firm operates in purely competitive product and resource markets, with the following resource and production

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Answer:

b) 5

Explanation:

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Answer:

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Based on the information given we were told

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Answer:

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