Accounting 2

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Exercise 9-7

Wang Co. has delivery equipment that cost $54,810 and has been depreciated $23,220.

Record entries for the disposal under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(a)		It was scrapped as having no value.
(b)		It was sold for $36,030.
(c)		It was sold for $19,930.

No.

Account Titles and Explanation

Debit

Credit

(a)

: :

[removed]

SHOW LIST OF ACCOUNTS
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Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $2,600 and the aging schedule indicates that total estimated bad debts will be $41,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)