On June ​15, 2023​, Antique Furniture discarded equipment that had a cost of $20,000​, a residual value of​ $0, and was fully depreciated. Journalize the disposal of the equipment. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)   Date Accounts and Explanation Debit Credit Jun. 15

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On
June
​15,
2023​,
Antique
Furniture discarded equipment that had a cost of
$20,000​,
a residual value of​ $0, and was fully depreciated. Journalize the disposal of the equipment. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)
 
Date
Accounts and Explanation
Debit
Credit
Jun. 15
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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