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8 - Record the journal entries for the following (assume straight-line method) 4/1/X1 - Wrote check# 1425 for $21300 to purchase equipment. 12/31/X1 - The

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8 - Record the journal entries for the following (assume straight-line method) 4/1/X1 - Wrote check# 1425 for $21300 to purchase equipment. 12/31/X1 - The equipment's estimated life is 6 years and its salvage value $1500. 12/31/X2 - The equpment's estimated life is 6 years and its salvage value $1500. 3/31/X3 - Sold the equipment for $15600

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