Question and answer
E9-10 Beka Company owns equipment that cost $50,000 when purchased on January 1, 2008. It has been depreciated using the straight-line method based on estimated salvage value of $5,000 and an
estimated useful life of 5 years. Prepare Beka Company's journal entries to record the sale of the equipment in these four independent situations. Sold for $28,000 on January 1, 2011. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) Account/Description Debit Credit Sold for $28,000 on May 1, 2011. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) Account/Description Debit Credit (To update depreciation) Sold for $11,000 on January 1, 2011. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) Account/Description Debit Credit Sold for $11,000 on October 1, 2011. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) Account/Description Debit Credit (To update depreciation)
The answer would be both. The payable accounts can be either credit or debit.
Expert answered|thewolf010|Points 880|
Question
Asked 5/30/2012 6:44:54 PM
0 Answers/Comments
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
16,935,000 questions answered
Popular Conversations
Why do you think some teachers are better loved by students than ...
Weegy: I can totally relate to you because i have teachers who are my favorite and i treat her as my mom. [ Every time ...
7/24/2014 1:37:29 AM| 3 Answers
Find the equation of a line with the given points. (Put your answers ...
Weegy: The equation of a line with the points: (8, 1) (7, 9) is y = -8x + 65 User: Find the equation of a line with ...
7/24/2014 12:01:14 AM| 2 Answers
What had its roots in a computer networking system that the U.S. ...
Weegy: d. the Internet User: Clinton's first major initiative on_______________________ was unsucessful and failed ...
7/24/2014 7:16:31 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
Points 1972 [Total 20972]| Ratings 1| Comments 1962| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
Points 1880 [Total 17009]| Ratings 0| Comments 1880| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
Points 1615 [Total 14170]| Ratings 1| Comments 1605| Invitations 0|Offline
S
L
1
Points 1433 [Total 3616]| Ratings 2| Comments 1413| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1117 [Total 7294]| Ratings 2| Comments 1097| Invitations 0|Offline
S
1
L
Points 969 [Total 3105]| Ratings 6| Comments 909| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 884 [Total 10492]| Ratings 0| Comments 884| Invitations 0|Offline
S
1
L
Points 773 [Total 4449]| Ratings 2| Comments 753| Invitations 0|Online
S
P
C
L
P
L
1
Points 714 [Total 5768]| Ratings 4| Comments 674| Invitations 0|Offline
S
Points 263 [Total 411]| Ratings 2| Comments 243| Invitations 0|Offline
Home | Contact | Archive | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.