Business, 07.04.2021 01:00 AldoRaine8074

Pryce Company owns equipment that cost $62,100 when purchased on January 1, 2017. It has been depreciated using the straight- line method based on estimated salvage value of $4,900 and an estimated useful life of 5 years.
QU
Aco
Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account
titles are automatically indented when amount is entered. Do not indent manually. Round answers to decimal places, eg. 125. If no entry is
required, select "No Entry" for the account titles and enter for the amounts.)
QI
Ас
(a)
Sold for $29,320 on January 1, 2020
Sold for $29,320 on May 1, 2020.
Sold for $10.500 on January 1, 2020.
Sold for $10.500 on October 1, 2020,
(b)
(c)
(d)
Q
Ac
Q
А Al
No. Account Titles and Explanation
Debit
Credit
(a)

Answers: 2

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Pryce Company owns equipment that cost $62,100 when purchased on January 1, 2017. It has been deprec...

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