Business, 19.09.2019 16:10 joshsmith2022

Qs 12-8 computing cash from asset sales lo p3 the following information is from ellerby company’s comparative balance sheets. at december 31 current year prior year furniture $ 150,000 $ 208,500 accumulated depreciation—furniture (94,700 ) (116,700 ) the current year income statement reports depreciation expense on furniture of $24,000. during the year, furniture costing $58,500 was sold for its book value on december 31, current year. complete the general ledger accounts to calculate cash received from the sale of furniture.

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Qs 12-8 computing cash from asset sales lo p3 the following information is from ellerby company’s co...

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