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Hi - Please see question below. Thank you! Sheridan Company has delivery equipment that cost $56,800and has been depreciated $24,300. Create a tabular summary to

Hi - Please see question below. Thank you!

Sheridan Company has delivery equipment that cost $56,800and has been depreciated $24,300.

Create a tabular summary to record the disposal under the following assumptions.

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Sheridan Company has delivery equipment that cost $56,800 and has been depreciated $24,300. Prepare a tabular summary to record the disposal under the following assumptions. It was scrapped as having no value. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + Equipment - Accum. Depr. - Equip. = + Common Stock + Revenue Expense Dividend Bal. $ $ $ $ LINK TO TEXT It was sold for $36,400. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + Equipment - Accum. Depr. - Equip. = + Common Stock + Revenue Expense Dividend Bal. $ $ $ $ LINK TO TEXTIt was sold for $19,600. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities - Stockholders' Equity Retained Earnings Cash + Equipment - Accum. Depr. - Equip. = Common Stock + Revenue Expense Dividend Bal. $ $ $ $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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