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Help with the unanswered boxes please! Prepare journal entries for the transactions listed above and adjusting entries. (Credit account titles are automatically indented when amount
Help with the unanswered boxes please!
Prepare journal entries for the transactions listed above and adjusting 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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Dec. 24 Equipment 21504 Cash 215 Dec. 24 (To record depreciation expense on equipment.) Cash 4,480 Accumulated Depreciation Equipment 3360 Gain on Disposal of Plant Assets 14 The following transactions occurred during December. Dec. 2. Purchased equipment for $20,480, plus sales taxes of $1,024 (paid in cash). 2 Grouper sold for $4,480 equipment which originally cost $6,400. Accumulated depreciation on this equipment at January 1, 2022, was $2,304; 2022 depreciation prior to the sale of equipment was $1,056. Grouper sold for $6,400 on account inventory that cost $4,480. 15 23 Salaries and wages of $8,448 were paidStep by Step Solution
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