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Journalize the following transaction for Plant Assets. Make sure to capitalize all letters representing each account. DO NOT include periods, parentheses, or spaces, only
Journalize the following transaction for Plant Assets. Make sure to capitalize all letters representing each account. DO NOT include periods, parentheses, or spaces, only the capitalized letters for the appropriate accounts. ACCOUNT TITLES A Sales Revenue BC Common Stock B Additional Paid in Capital - Common BD Bonds Payable C Loss on Disposal of Plan Assets D Treasury Stock. E Miscellaneous Expense BE Paid in Capital - Treasury Stock Allowance for Uncollectible CD Accounts CE Cash Dividend AB Accumulated Depreciation - Equip. DE Notes Payable AC Accounts Receivable ABC Depreciation Expense AD Gain on Disposal of Plan Assets ABD Cash AE Bad Debts Expense ABE Equipment At the end of year 20X2 (2 full years of equipment use), ABC Company sells one of the pieces of equipment for $5,000 cash. Assume annual straight-line depreciation of $2,000 (remember the original cost is Dlogro journalize the sale of the single
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