nal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) (a) Sunland Company retires its delivery equipment, which cost $48,030. Accumulated depreciation is also $48,030 on this delivery equipment. No salvage value is received. (b) No. Account Titles and Explanation e (b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $36,360 instead of 48,030. !!! Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not
Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts)
(a)
(b)
(b)
No. Account Titles and Explanation
(a)
Sunland Company retires its delivery equipment, which cost $48,030. Accumulated depreciation is also $48,030 on this
delivery equipment. No salvage value is received.
m
Assume the same information as in part (a), except that accumulated depreciation for the equipment is $36,360 instead of
48,030.
Debit
!!!
Credit
Transcribed Image Text:Journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) (a) (b) (b) No. Account Titles and Explanation (a) Sunland Company retires its delivery equipment, which cost $48,030. Accumulated depreciation is also $48,030 on this delivery equipment. No salvage value is received. m Assume the same information as in part (a), except that accumulated depreciation for the equipment is $36,360 instead of 48,030. Debit !!! Credit
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