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Exarcin 9-12 Shown below are the T-sccounts relating to equipment that was purchased for cash by a company on the first day of the current year. The equipment was depreciated on a straight-inc basis with an estimates use le of 10 years and a salvage value of 5300. Part of the equipment was cold on the day of the current year for cash proceeds. Cash lan (e) Dec 31 650 Equipment Jan 1,300 Dec. 21 640 Accumulated Depreciation-iman Dec. 31 320 Dec. 11 240 Depreciation Expense Dec. 11 bil Gain on Disposal of Plant Assets c) Prepare the joumai creries to record purchase of cquipment on January 1. (Credit account ties are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "Wo Entry for the account titles and enter for the amounts.) Date Account Tides and explanation Debt Credit 1.300 1300 What was the cash gaid? Ceah .. 1300 SHOW LIST OF COUNTS LINE TO TY Prepare the Joumal entry to record depredation recorded on December 31. (Credit account cities are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account elties and enter for the amounts) Date Account Thies and Explanation Det Grede Dec 31 Depreciation Experte 300 Accumulated Deprecaurent 300 What was the cecreciation expense? Depreciation Expense 200 HOW LIGT OP LOCOLINER LINE TO Prepare the Jumal entry to record sale of part of the equipment on December 31. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "Wantry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec 11 Boulament 240 704 What was the winni? Gain on Disposal of Plant Assets Joec.si Click if you would like to Show Work for this question: Dm Osu Shaw SHOW UST OF MOCOUNTS LINK TO TEXT