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Jahmeelah Ltd is a publicly owned company founded by Jam Spencer. Jahmeelah owns and operates retail stores in Ontario, Nova Scotia, and Quebec. The company

image text in transcribedimage text in transcribed Jahmeelah Ltd is a publicly owned company founded by Jam Spencer. Jahmeelah owns and operates retail stores in Ontario, Nova Scotia, and Quebec. The company has decided to dispose of a low performing store in Quebec City. The board authorized a sale of the assets, and has been in discussion with a potential buyer. The Quebec City store qualifies as a disposal group, to be classified as held for sale. The net assets of the Quebec location can be summarized as follows: Required: Prepare the journal entry to record the disposal group as held for sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Prepare the journal entry to remove accumulated depreciation: Prepare the journal entry to record the gain or loss on classification to held for sale: 3 Prepare the journal entry to reclassify the assets and liabilities as held for sale

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