Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / The accounts below appear in the ledger of Marigold Company
The accounts below appear in the ledger of Marigold Company.
Retained Earnings
Dr.
Cr.
Bal.
Jan. 1, 2017Credit Balance$41,900Aug. 15Dividends (cash)$15,10026,800Dec. 31Net Income for 2017$40,30067,100 Equipment
Dr.
Cr.
Bal.
Jan. 1, 2017Debit Balance$141,000Aug. 3Purchase of Equipment$62,500203,500Sept. 10Cost of Equipment Constructed48,500252,000Nov. 15Equipment Sold$55,800196,200 Accumulated Depreciation—Equipment
Dr.
Cr.
Bal.
Jan. 1, 2017Credit Balance$83,200Apr. 8Major Repairs
$21,20062,000Nov. 15Accum. Depreciation on Equipment Sold25,20036,800Dec. 31Depreciation for 2017$17,00053,800
Prepare entries in journal form for all adjustments that should be made on a worksheet for a statement of cash flows. The loss on sale of equipment (November 15) was $5,800. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
(To record cash dividends.)
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
(To record net income.)
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
(To record depreciation expense.)
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
(To record new Equipment.)
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
(To record repairs.)
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
Accumulated Depreciation—Equipment
Equipment
Investing—Cash Dividends
Investing—Construction of Equipment
Investing—Depreciation Expense
Investing—Major Repairs to Equipment
Investing—Loss on Sale of Equipment
Investing—Net Income
Investing—Purchase of Equipment
Investing—Sale of Equipment
Financing—Cash Dividends
Financing—Construction of Equipment
Financing—Depreciation Expense
Financing—Extraordinary Repairs to Equipment
Financing—Loss on Sale of Equipment
Financing—Net Income
Financing—Purchase of Equipment
Financing—Sale of Equipment
Operating—Cash Dividends
Operating—Construction of Equipment
Operating—Depreciation Expense
Operating—Extraordinary Repairs to Equipment
Operating—Loss on Sale of Equipment
Operating—Net Income
Operating—Purchase of Equipment
Operating—Sale of Equipment
Retained Earnings
(To record sale of Equipment.)
This is all the information given.
