Homework answers / question archive / The accounts below appear in the ledger of Marigold Company

The accounts below appear in the ledger of Marigold Company

Finance

Share With

---

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.