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Carla Vista Company owns equipment that cost $108,000 when purchased on January 2, 2021. It has been depreciated using the straight-line method based on
Carla Vista Company owns equipment that cost $108,000 when purchased on January 2, 2021. It has been depreciated using the straight-line method based on estimated residual value of $6,000 and an estimated useful life of five years. Following are the four independent situations. Prepare Carla Vista Company's journal entry to record the sale of the equipment for $49,000 on January 2, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Jan. 2 Account Titles and Explanation (To record disposal of equipment.) List of Accounts Question Part Score Debit Credit --/4 Prepare Carla Vista Company's journal entry to record the sale of the equipment for $49,000 on May 1, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation May 1 (To record disposal of equipment.) List of Accounts Question Part Score Debit Credit Prepare Carla Vista Company's journal entry to record the sale of the equipment for $28,800 on January 2, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 2 (To record disposal of equipment.) List of Accounts Question Part Score Debit Credit Prepare Carla Vista Company's journal entry to record the sale of the equipment for $28,800 on October 1, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Oct. 1 --/4 --/4
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