Try another version of this question On July 26, 2020, Frank’s Fixtures discarded equipment that had a cost of $11,600, a residual value of $0, and was fully depreciated. Journalize the disposal of the equipment.
Date Description Debit Credit July 26 July 26 Date Description Debit Credit July 26 Accumulated Depr.-Equipment 11,600 July 26 Equipment 11,600