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This question was created from ACCT 220 – Quiz 3 – Wk 7 – Q3.docx

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This question was created from ACCT 220 – Quiz 3 – Wk 7 – Q3.docx https://www.coursehero.com/file/25602658/ACCT-220-Quiz-3-Wk-7-Q3docx/

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25602658-218360.jpeg

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Question 3 (20 points)
| . 2.1.1 (in July 1, 2016, Alpha {Iompang‘pr purchased for $TB,000, equipment having a service life of eight
years and an estimated residual value of $6,000. Alpha has recorded depreciation of the
equipment using the double-declining balance method. (in December 31, 2019, before making
arryr annual adjusting entries, the equipment was sold for $20,000. Use this information to prepare all General Journal entries [without explanation) required to record the sale event for December
’11 9(110
 
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