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Sunny_sXe [5.5K]
3 years ago
6

Here are selected 2017 transactions of Marigold Corporation.

Business
1 answer:
Zielflug [23.3K]3 years ago
3 0

Answer:

Date      Account and Explanation                      Debit$      Credit$

Jan 1      Accumulated depreciation-Machine     63000

                   Machine                                                                  6300

June 30 Depreciation expense (37000/4)*6/12  4625

                    Accumulated depreciation-Computer                  4625

              (To record Dep)

June 30   Cash                                                        6000

                Accumulated depreciation-Computer  23125

                (37000/4*2.5)

                Loss on sale of computer                       7875

                       Computer                                                             37000

                (To record sale of computer)

Dec 31     Depreciation expense (24500-3400/5) 4220  

                        Accumulated depreciation-Delivery truck        4220

                (To record Dep)

Dec 31     Cash                                                         9130  

                Accumulated depreciation-Truck          16880

                (24500-3400/5*4)

                      Gain on sale of delivery truck                               1510

                       Delivery truck                                                        24500

                (To record sale of computer)  

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