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Question

Safari File Edit View History Bookmarks Window Help M 52x [+ Wed 1:05 PM 0 0 ezto.mheducation.com U MOnline - myTM Harrapage - NOCT-2010-MEO - Fund. Cl Prancl - Warth 30 points Chegg Slut G et Solutions and... + chapter quis 1 Flushoude Quilt 5 matches Mull-mhburnmamalis.cu > Q 1,1 O Done Great Adventures Problem 7-1 Part 4 T-Wovies 2016.mp4 4. Record the sale of the vehicle two years later on July 1, 2021, for $12,400. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Screen Shot 2018-00...4,31 PM Record the sale of equipment. Note: Enter debits before credits General Journal Debit Credit Date July 01, 2021 Record entry Clear entry View general Journal References General Journal Great Adventures Problem 7.1 Part 4 Difficulty: 3 Hard Calculator Check my work 40 27 103 . w O W = P8X19 U

Explanation / Answer

Date General Journal Debit Credit July 01, 2021 Cash 12400 Accumulated depreciation ($21800 x 2/5) 8720 Loss on sale of equipment 680 Equipment ($15200 + $3800 + $2800) 21800 (To record the sale of equipment) Date General Journal Debit Credit July 01, 2021 Cash 5300 Accumulated depreciation ($21800 x 2/5) 8720 Loss on sale of equipment 7780 Equipment ($15200 + $3800 + $2800) 21800 (To record the sale of equipment)

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