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Jan. 1, 2019. Purchased a bulldozer for $65,000 cash, $5,000 residual value, 20-year expected life, double-declining-balance amortization. (Record debits first, then credits. Exclude explanations from

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Jan. 1, 2019. Purchased a bulldozer for $65,000
cash, $5,000 residual value, 20-year expected life, double-declining-balance amortization. (Record debits first, then credits. Exclude explanations from journal entries.)
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image text in transcribed
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2019 Jan. May 1 Purchased a bulldozer for $65,000 cash, $5,000 residual value, 20- year expected life, double-declining-balance amortization. 1 Purchased office furniture for $22,000 cash, $6,500 residual value, 10-year expected life, straight-line amortization. 31 Recorded amortization on the bulldozer and furniture. Dec. 2020 Jun. 30 Sold the furniture for $19,000 cash. (Record amortization to date for 2020 before selling the furniture.) 31 Recorded amortization on the bulldozer. Dec. Journal Entry Date Accounts Debit Credit 2019 Jan May 1, 2019. Purchased office furniture for $22,000 cash, $6,500 residual value, 10-year expected life, straight-line amortization, Journal Entry Accounts Date Debit Credit May Dec 31. Recorded amortization on the bulldozer and furniture Begin with the amortization on the bulldozer. Journal Entry Date Accounts Dec 31 Debit Credit Now, record the amortization on the office furniture. (Do not round intermediary calculations. Only round the final answer to the nearest dollar.) Journal Entry Date Accounts Debit Credit Dec 31 June 30, 2020. Sold the furniture for $19,000 cash. (Record amortization to date for 2020 before selling the fumiture.) Begin by recording the amortization expense to date for 2020 Journal Entry Date Accounts Debit Credit 2020 Jun 30 Next, record the sale of the furniture, Journal Entry Accounts Date Debit Credit Jun 30 Dec 31, 2020. Recorded amortization on the bulldozer. Journal Entry Date Accounts Dec. 31 Debit Credit

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