ILLUULE Volume 1 SHERIDAN COLLEGE TRAI ALGAR CAMPUSE Mese, Interme 120 W Teme: 03:00 / 40 min Question 23 Sheffield Ltd. purchased a patent on September 1, 2017 for $41,600. At the time of purchase, Sheffield estimated that the patient's economic benefits was the year end is December 31. On April 1, 2020, Sheffield sold the patent to another company Prepare the journal entry to record the sale, assuming Sheffield sold the potent for $21,850. (Credit account titles are automatically indeed when it co Account Titles and Explanation Debit Creslet SHOW LIST OF ACCOUNTS Prepare the journal entry to record the sale, assuming Sheffield sold the potent for $12,650. (Credit account titles are automatically indented when interneta Account Titles and Explanation Crect SHOW LIST OF ACCOUNTS