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M9-9 (Static) Recording the Disposal of a Long-Lived Asset [LO 9-5] The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of
M9-9 (Static) Recording the Disposal of a Long-Lived Asset [LO 9-5] The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of two computers at the end of their useful lives. The computers had cost $4,800 and their Accumulated Depreciation was $4,800. No residual value was received. b. Assume the same information as (a), except that Accumulated Depreciation, updated to the date of disposal, was $3,600. Required: Prepare journal entries to record above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < A B Record the disposal of computers that had cost $4,800 and their accumulated depreciation to the date of disposal was $4,800. Note: Enter debits before credits. < Prev 7 of 10 Next gnments 11 View transaction list Journal entry worksheet < A B Saved Record the disposal of computers that had cost $4,800 and their accumulated depreciation to the date of disposal was $4,800. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal > View transaction list Journal entry worksheet < A Record the disposal of computers that had cost $4,800 and their accumulated depreciation to the date of disposal was $3,600. Note: Enter debits before credits.. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal
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