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December 11 Sold old store equipment for $320 cash. The equipment originally cost $1,025 and depreciation to September 30 of this year (the end of

December 11

Sold old store equipment for $320 cash. The equipment originally

cost $1,025 and depreciation to September 30 of this year (the end

of the third quarter) totals $820. The asset depreciates on a

straightline basis at a rate of $20 per month and depreciation is

calculated to the nearest month (two entries required). At the

invoice prompt type A SALE

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