Question

2 Open a "T' shape account for machinery and put the following transactions on the proper
side:
(1) Machinery purchased
40,000
(ii) Machinery sold
10,000
(iii) Machinery purchased
8,000
(iv) Machinery discarded
14,000
(U) Depreciation on machinery
1,000
[(i) Debit side; (ii) Credit side; (iii) Debit side; (iv) Credit side; (u) Credit side;
Balance of Machinery Account-23,000.]​

Answer 1

Answer:

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Answer 2

Answer:

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