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E13-6
the three accounts shown below appear in the general ledger of
Herrick Corp. during 2017.
Equipment
Date
Credit

Debit
Balance

Jan. 1
160,000

Balance

July 31
230,000

Purchase of equipment

70,000

Sept. 2
283,000

Cost of equipment constructed

53,000

Nov. 10
49,000

Cost of equipment sold
234,000

Accumulated Depreciation—Equipment
Date
Credit
Jan. 1
71,000

Debit
Balance
Balance

Nov. 10
30,000

Accumulated depreciation on equipment sold
41,000

Dec. 31
28,000

Depreciation for year
69,000