Presented here are selected transactions for Blossom Limited for 2018. Blossom uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sept. 1 Dec. 30 Sold a delivery truck for $17,570 cash. The truck cost $61,300 when it was purchased on January 1, 2015, and was depreciated based on a four-year useful life with a $5,460 residual value. Sold computers that were purchased on January 1, 2016. They cost $10,377 and had a useful life of thr years with no residual value. The computers were sold for $470 cash. Retired equipment that was purchased on January 1, 2009. The equipment cost $149,100 and had a useful life of 10 years with no residual value. No proceeds were received.

Presented here are selected transactions for Blossom Limited for 2018. Blossom uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sept. 1 Dec. 30 Sold a delivery truck for $17,570 cash. The truck cost $61,300 when it was purchased on January 1, 2015, and was depreciated based on a four-year useful life with a $5,460 residual value. Sold computers that were purchased on January 1, 2016. They cost $10,377 and had a useful life of thr years with no residual value. The computers were sold for $470 cash. Retired equipment that was purchased on January 1, 2009. The equipment cost $149,100 and had a useful life of 10 years with no residual value. No proceeds were received.

Name: Please answer fast and check plagiarism please Date Account Titles and
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Description: Please answer fast and check plagiarism please Date Account Titles and ExplanationJan. 1Sept. 11(To record depreciation expense)(To record the sale of equipment for cash)DebitCredit Question 6Presented here are selected transactions for Blossom Limit

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section: Chapter Questions

Problem 2AP

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