Amanda Company purchased a computer that cost $12,100. It had an estimated useful life of five years and a residual value of $2,050. The computer was depreciated by the straight-line method and was sold at the end of the third year of use for $6,500 cash. Which of the following statements correctly describes the computer sale? Nultiple Choice Assets and stockholders' equity both increase by $430. Assets decrease $6,500 and stockholders' equity is not affected. Assets and mockholders' equity both increase by $6,500 Assets 2 nd sockholders' equity both decrease by $430 Linetech Company's bank statement showed an ending balance of $8,900. ltems appearing in the bank reconciliation included: outstanding checks, $950; deposits in transit, $1,900; bank service charges, $59; and Driver Company's $295 check erroneously deducted from Linetech's bank account by the bank. What is the correct cash bolance at the end of the month? Mutiple Choice. $9555. $9850 510.145. $13,408