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10 points: Gain or Loss on sale (using Straight Line) Using the SAME ASSET as before... Suppose RBG, Inc sells the equipment on July 31,
10 points: Gain or Loss on sale (using Straight Line) Using the SAME ASSET as before... Suppose RBG, Inc sells the equipment on July 31, 2023. Determine the journal entry needed under the following SEPARATE situations: A) journal entry if sold 7/31/23 for $150,000 cash B) journal entry if sold 7/31/23 for $200,000 cash Show your work!! Partial credit is very helpful to your grade. 18 months useful ice als as Question 13 2 2 0 112,000 Acom bep 12 131 1622 ) \ODD -15\{2025 - 20 000 IS soo | -15 12021 - 2.\0,000j; . -|5 | 2022- 240,00], . 1000 | |2|3\ ( 05-22\0,000 15:47 1000 1-31 J2024 -2lb, M/S = 12.00 | |1 |2025 - 210 000 15:14, 00 Dep exp 12/31/2020 (24- - 28,000 x 12/31/2009 (, - : in - 1,000
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