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A company purchased a machine in Year 1 at a cost of $45,600. The machine was sold for $4,300 in Year 4. Depreciation recorded through
A company purchased a machine in Year 1 at a cost of $45,600. The machine was sold for $4,300 in Year 4. Depreciation recorded through the disposal date totaled $39,000. (1) Prepare the journal entry to record the sale. (2) Now assume the machine was sold for $13,900; prepare the journal entry to record the sale. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 2 Record the sale of the machine for $4,300. Note: Enter debits before credits. Event 1 General Journal Debit Credit >
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