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Current Attempt in Progress W Pharoah Company owns equipment that cost $66,000 when purchased on January 1, 2019. It has been depreciated using the straight-
Current Attempt in Progress W Pharoah Company owns equipment that cost $66,000 when purchased on January 1, 2019. It has been depreciated using the straight- line method based on estimated salvage value of $4,500 and an estimated useful life of 5 years. Prepare Pharoah Company's journal entries to record the sale of the equipment in these four independent situations. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) Sold for $31,900 on January 1, 2022. (b) Sold for $31,900 on May 1, 2022. (c) Sold for $10,200 on January 1, 2022. (d) Sold for $10,200 on October 1, 2022. No. Account Titles and Explanation Debit Credit (a) (b) (To record depreciation) (To record depreciation) (To record sale of equipment) (c) (d) (To record depreciation) SMC (d ) (To record depreciation) I (To record sale of equipment) e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit
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