This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a county receives 27,000, for the sale of a dump truck with a historical cost of 60,000, and ... (Read 152 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: Jul 5, 2018
If a county receives 27,000, for the sale of a dump truck with a historical cost of 60,000, and accumulated depreciation of 25,000, the one-worksheet conversion adjustment would be
   Debit Credit
 
  A. Other Financing Source  Sale of Vehicle
  Accumulated Depreciation  Vehicle
  Loss on sale of vehicle
   Vehicle 27,000
  25,000
  8,000
 
  60,000
  B. Other Financing Source  Sale of Vehicle
   Vehicle 27,000
  27,000
  C. Other Financing Source  Sale of Vehicle
  Accumulated Depreciation  Vehicle
   Vehicle 27,000
  33,000
 
  60,000
  D. Other Financing Source  Sale of Vehicle
  Loss on sale of vehicle
   Vehicle 27,000
  33,000
 
  60,000

Question 2

Unearned Fees appear on the
 a. balance sheet in the current assets section
  b. balance sheet as a current liability
  c. balance sheet in the owner's equity section
  d. income statement as revenue


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

deja

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

b


deesands

  • Member
  • Posts: 514
Reply 2 on: Jul 5, 2018
:D TYSM

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Heading for the ocean on a beach at the Pu'uhonua o Honaunau National Historical Park Heading for the ocean on a beach at the Pu'uhonua o Honaunau National Historical Park
A historical timeline of regulatory acts, standards, and organizations A historical timeline of regulatory acts, standards, and organizations
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Great Serpent Mound, Adams County, Ohio, Hopewell culture. Great Serpent Mound, Adams County, Ohio, Hopewell culture.
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
An additional extension may be necessary to hoist a truck or van equipped with running boards to ... An additional extension may be necessary to hoist a truck or van equipped with running boards to ...
Video: Summary of glucose catabolism

For a complete list of videos, visit our video library