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(Solved): On 30 September 2023, the Nobles Company sold old delivery equipment for $9,000. The delivery equipm ...



On 30 September 2023, the Nobles Company sold old delivery equipment for $9,000. The delivery equipment was purchased on 1 January 2021 for $21,000 and was estimated to have a $3,000 residual value at the end of its 5-year life. Depreciation on the delivery equipment has been recorded through 31 December 2022. The Nobles Company has a financial year end of 31 December and uses the straight-line method of depreciation.

Required: Prepare the journal entries to record the transactions.

Instructions: Read the instruction carefully.
- To answer this question:
- You need to fill in the missing blanks in the tabl

Nobles Company Journal Entries
Date
Accounts
30 September 2023
Debit \( \$ \quad \) Credit \( \$ \)
Credit \( \$ \)
To record

Instructions: Read the instruction carefully. - To answer this question: - You need to fill in the missing blanks in the table by using the appropriate charts of accounts from the followings. Depreciation expense; Accumulated depreciation - delivery equipment; Cash; Loss on Disposal; Delivery equipment Hint: Copy the above Charts of Accounts (COA) and paste in the blanks of Accounts Details to avoid typing/spelling errors. Do Not use space, commas or dollar sign (\$) with amounts in Debit and Credit columns. Nobles Company Journal Entries Date Accounts 30 September 2023 Debit Credit Credit To record depreciation expense. Cash To record the sale of delivery equipment.


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Journal entry to record the depreciation expense for 2023:
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