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As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 17 years old for
As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 17 years old for $2,800 cash. The original cost of the shelves was $7,500 and they had been depreciated on a straight-line basis over an estimated useful life of 19 years with an estimated residual value of $1.800. Recond the sale of the shelving units.(If no entry is required for a transactionievent, select "No journal entry required" in the first account field. Do not round intermediate calculations.) Vi ew transaction list Journal entry worksheet Record the sale of the shelving units. Ncte: Enter debits betore credits General Journal Debit Credit Record entry Clear entry View general journal
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