Has anyone have any suggestions on how to do the 12/8 entry for the sale of equipment?

11/5/2006 6:53:57 PM

i thought this was due by now...you must not have branson

11/5/2006 7:06:01 PM

Nah williams, you have any tips

11/5/2006 7:09:24 PM

calculate the new accumulated depreciation for that equipment (plug number). the other numbers for the entry are given. you'll need to make a GJ entry for depreciation expense.

[Edited on November 5, 2006 at 7:30 PM. Reason : plug]

11/5/2006 7:24:47 PM

Do I post the whole entry into the GJ?
Cash 8500
Acc Dep 2325
Equipment 10000
Gain on Sale 825

Dep. Exp. 25
Acc. Dep. 25
Or do I seperate the cash and equipment?

11/5/2006 7:39:50 PM

one goes in the CRJ and the other goes in the GJ

11/5/2006 7:47:12 PM

Thats what is confusing me, how do I post it in the CRJ?

11/5/2006 7:50:27 PM

Quote :

"I'll let you figure out how to record that correctly in the CRJ"

any more i could give you would pretty much count as doing it for you. i would suggest sending your professor an email. i'm sure he will be more than willing to help you with that.

11/5/2006 8:02:38 PM

Thanks but no thanks

11/5/2006 8:04:07 PM

right in your practice set, there are examples of how to post things to the CRJ, they are toward the back of the practice set packet. It will pretty much show you how to record transactions with multiple account references in the Cash Receipts Journal.

11/5/2006 9:14:54 PM

he's just looking for someone to do it for him. no need to post any more help.

11/5/2006 9:21:01 PM

if he refuses to email his professor theres no reason for us to help him, looks like he waited til the last minute anyhow

11/5/2006 9:28:31 PM

pwnt

11/5/2006 9:38:15 PM

you guys are tools

11/6/2006 10:07:18 AM

Obviously, since they refused to cheat.

11/7/2006 2:34:22 PM