On January 2 2022 Feldman Corporation sold equipment with a book value of $51000 for $33000 cash.Use the following tabular analysis to record the sale.
A)Increase Cash $33000 decrease Equipment $200000 decrease Accumulated Depreciation $149000 and decrease Revenues $14000.
B)Increase Cash $33000 decrease Equipment $200000 and decrease Accumulated Depreciation $149000.
C)Increase Cash $33000 decrease Equipment $200000 decrease Accumulated Depreciation $149000 and increase Expenses $14000.
D)Increase Cash $33000 decrease Equipment $51000 and increase Expenses $14000.

Question

On January 2 2022 Feldman Corporation sold equipment with a book value of $51000 for $33000 cash.Use the following tabular analysis to record the sale. 
A)Increase Cash $33000 decrease Equipment $200000 decrease Accumulated Depreciation $149000 and decrease Revenues $14000. 
B)Increase Cash $33000 decrease Equipment $200000 and decrease Accumulated Depreciation $149000. 
C)Increase Cash $33000 decrease Equipment $200000 decrease Accumulated Depreciation $149000 and increase Expenses $14000. 
D)Increase Cash $33000 decrease Equipment $51000 and increase Expenses $14000.

Quizplus · Accepted Answer

The Answer of On January 2 2022 Feldman Corporation sold equipment with a book value of $51000 for $33000 cash.Use the following tabular analysis to record the sale. 
A)Increase Cash $33000 decrease Equipment $200000 decrease Accumulated Depreciation $149000 and decrease Revenues $14000. 
B)Increase Cash $33000 decrease Equipment $200000 and decrease Accumulated Depreciation $149000. 
C)Increase Cash $33000 decrease Equipment $200000 decrease Accumulated Depreciation $149000 and increase Expenses $14000. 
D)Increase Cash $33000 decrease Equipment $51000 and increase Expenses $14000.

On January 2 2022 Feldman Corporation Sold Equipment with a Book