45034960-Stern-Corporation-Stafford-Press

45034960-Stern-Corporation-Stafford-Press - In the books of...

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Unformatted text preview: In the books of Stafford Press Journal Entries Date Particulars Amt Dr. Amt Cr. 1 Cash a/c dr 149860 Loss on sale of land and building a/c dr 35182 Accumalated Depreciation on Building 199056 To Land 34034 To Building 350064 2 Cash a/c dr 35200 Accumalated Depreciation on Equipment 40890 To Equipment 73645 To profit on sale of equipment 2445 3 Equipment Dr 114189 To Cash 111947 To discount received 2242 4 Land Dr 175185 To cash 175185 5 Equipment (new) Dr 27630 Accumulated Depriciation A/c Dr. 5200 To cash 20830 TO equipment (old) 12000 6 Building Dr 561000 To Cash 136000 To mortgage 425000 7 Expenses on equipment relocating Dr. 11834 to Cash 11834 8.1 Expenses on equipment repairing Dr 3220 To cash 3220 8.2 Depreciation Dr. 110 To Accumalated depreciation 110 1358556 1358556 Ledgers A/c Dr Cash A/c Cr. Column1 Column2 Particulars Amount Particulars2 Amonut Dr Land A/c Dr Cash A/c Cr. Particulars Amount To Op.Bal 395868 By Euipment 111947 To Land 34034 By Land 175185 To Op.Bal 34034 To Building 115826 By Euipment 20830 To Cash 175185 To Euipment...
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This note was uploaded on 12/07/2011 for the course MBA 0001 taught by Professor Akshat during the Spring '09 term at Institute of Management Technology.

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45034960-Stern-Corporation-Stafford-Press - In the books of...

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