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4. On April 1, 2021, the company purchased $32,000 of office equipment with an estimated service life of five years and an estimated residual value

image text in transcribed 4. On April 1, 2021, the company purchased $32,000 of office equipment with an estimated service life of five years and an estimated residual value of $2,000. The company uses straight-line depreciation. On July 1,2023 the company sold the equipment for $15,000. Depreciation is recorded up to date of sale. Prepare the journal entry to record the sale of the office equipment

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