Question
ABC Catering Service purchased equipment on January 8, 2018, for $58.500. The equipment is expected to last six years and to have a residual value
ABC Catering Service purchased equipment on January 8, 2018, for $58.500. The equipment is expected to last six years and to have a residual value of $4,500. a. Suppose ABC sold the equipment for $43,000 on December 29, 2020, Joumalize the sale of the equipment, assuming straight-line amortization is used. b. Suppose ABC sold the equipment for $23,000 on December 29, 2020. Joumalize the sale of the equipment, assuming straight-line amortization is used. a. Suppose ABC sold the equipment for $43,000 on December 29, 2020. Journalize the sale of the equipment, assuming straight-line amortization is used. (Record debits first, then credits. Exclude explanations from journal entries.) General Journal Accounts Debit Credit b. Suppose ABC sold the equipment for $23,000 on December 29, 2020. Journalize the sale of the equipment, assuming straight-line amortization is used. General Journal Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next
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