On August 30, Williams Manufacturing Company decided to sell one of its fabricating machines that was 15

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On August 30, Williams Manufacturing Company decided to sell one of its fabricating machines that was 15 years old for $6,000. The machine, which originally cost $105,000, had accumulated depreciation of $102,500.

Required:
Prepare the journal entry to record the disposal of the machine.
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Related Book For  book-img-for-question

Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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