On October 1, 2018, Acme Fuel Co. sold 100,000 gallons of heating oil to Sparky Co. at $3 per gallon. Fifty thousand gallons were delivered on December 15, 2018, and the remaining 50,000 gallons were delivered on January 15, 2019.
Answers (1)
On January 1, 2016, Wheeler, Inc. purchased some equipment for $3,900. The equipment had an estimated life of five years and an expected residual value of $200. On July, 1, 2018, the equipment was sold for $1,000.
Answers (1)