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choices: No journal entry required Accounts payable Accounts receivable Accumulated depreciation, store fixtures Additional paid-in capital Allowance for uncollectible accounts Amortization expense Building Cash Common
choices:
No journal entry required
Accounts payable
Accounts receivable
Accumulated depreciation, store fixtures
Additional paid-in capital
Allowance for uncollectible accounts
Amortization expense
Building
Cash
Common stock
Depreciation expense
Equipment
Gain on sale of store fixtures
Goodwill
Interest expense
Inventories
Land
Loss on sale of store fixtures
Note payable
Note receivable
Patent
Repair and maintenance expense
Store fixtures
Truck
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 $2,000 cash. The original cost of the shelves was $6,700 and they had been depreciated on a straight-line basis over an estimated useful life of 19 years with an estimated residual value of $1,000. Record the sale of the shelving units. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the sale of the shelving units. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journalStep by Step Solution
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