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Business, 09.04.2021 03:20 29delphina

Brief Exercise 9-10 Cullumber Company sells equipment on September 30, 2019, for $16,000 cash. The equipment originally cost $71,000 and as of January 1, 2019, had accumulated depreciation of $41,000. Depreciation for the first 9 months of 2019 is $4,750. Prepare the journal entries to (a) update depreciation to September 30, 2019, and (b) record the sale of the equipment.

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Brief Exercise 9-10 Cullumber Company sells equipment on September 30, 2019, for $16,000 cash. The e...

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