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11 O Return to question Required information The following information applies to the questions displayed below. Part 2 of 2 As part of a major
11 O Return to question Required information The following information applies to the questions displayed below. Part 2 of 2 As part of a major renovation at the beginning of the year, Atiase Pharmaceutical sold shelving units (recorded as Equipment) that were 10 years old for $800 cash. The shelves originally cost $6,400 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $400 1.25 points 2. Prepare the journal entry to record the sale of the shelving units. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Answer is not complete. No Transaction General Journal Debit Credit Cash 8000 400 C Accumulated Depreciation-Equipment Gain on Disposal 6,400
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