A Using the Information Shown, Record the Journal Entry for the Sale

question 17

Essay

A. Using the information shown, record the journal entry for the sale of the facility for $26,450. Assume that the sale took place on July 1, 2013, six months after the facility was written down. Record the journal entry made to update the books prior to the sale.
B. In addition, assume that the new technology that made the Mixer owned by the company has been determined to environmental unsound and has been called off the market. The estimated revenues generated by the Mixer are recalculated to a total of $150,000 over the next four years. Explain what Ryadom Industries must do regarding its asset accounts regarding this turn of events.

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Definitions:

Red Blood Cells

The cells in blood that are primarily responsible for the transport of oxygen from the lungs to the tissues of the body.

Lymph

A transparent liquid flowing through the lymphatic system, transporting white blood cells and aiding the body's immune defense.

Nutrients

Substances obtained from food that are vital for growth, metabolism, and overall health.

Complement

is a part of the immune system that enhances (complements) the ability of antibodies and phagocytic cells to clear microbes and damaged cells from an organism, promote inflammation, and attack the pathogen's cell membrane.