Mercury Incorporated purchased equipment in 2 0 2 2 at a cost of $ 2 9 4 , 0 0 0 The equipment was expected to produce 5 3 0 , 0 0 0 units Complete this question by entering your answers in the tabs below Required 1 Required 3 Prepare the journal entry to record the sale Note If no entry is required for a transaction event , select No journal entry required in the first account field Do not round intermediate calculations Journal entry worksheet Record the sale Note Enter debits before credits Mercury Incorporated purchased equipment in 2 0 2 2 at a cost of $ 2 9 4 , 0 0 0 The equipment was expected to produce 5 3 0 , 0 0 0 units over the next five years and have a residual value of $ 2 9 , 0 0 0 The equipment was sold for $ 1 5 0 , 0 0 0 part way through 2 0 2 4 Actual production in each year was 2 0 2 2 7 6 , 0 0 0 units 2 0 2 3 1 2 1 , 0 0 0 units 2 0 2 4 6 1 , 0 0 0 units Mercury uses units of production Calculate the gain or loss on the sale Prepare the journal entry to record the sale Assuming that the equipment was instead sold for $ 1 7 9 , 0 0 0 , calculate the gain or loss on the sale Prepare the journal entry to record the sale in requirement 3 Complete this question by entering your answers in the tabs below Required 1 Assuming that the equipment was instead sold for $ 1 7 9 , 0 0 0 , calculate the gain or loss on the sale Note Do not round intermediate calculations Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Prepare the journal entry to record the sale in requirement 3 Note If no entry is required for a transaction event , select No journal entry required in the first account field Do not round intermediate calculations Journal entry worksheet Record the sale of equipment Note Enter debits before credits over the next five years and have a residual value of $ 2 9 , 0 0 0 The equipment was sold for $ 1 5 0 , 0 0 0 part way through 2 0 2 4 Actual production in each year was 2 0 2 2 7 6 , 0 0 0 units 2 0 2 3 1 2 1 , 0 0 0 units 2 0 2 4 6 1 , 0 0 0 units Mercury uses units of production Required Calculate the gain or loss on the sale Prepare the journal entry to record the sale Assuming that the equipment was instead sold for $ 1 7 9 , 0 0 0 , calculate the gain or loss on the sale Prepare the journal entry to record the sale in requirement 3 Complete this question by entering your answers in the tabs below Required 1 Calculate the gain or loss on the sale Note Do not round intermediate calculations Show all images Show all images Show all images done loading

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Mercury Incorporated purchased equipment in 2 0 2 2 at a cost of $ 2 9 4 , 0 0 0   The equipment was expected to produce 5 3 0 , 0 0 0 units Complete this question by entering your answers in the tabs below  Required 1 Required 3 Prepare the journal entry to record the sale  Note  If no entry is required for a transaction   event , select   No journal entry required  in the first account field  Do not round intermediate calculations  Journal entry worksheet Record the sale  Note  Enter debits before credits  Mercury Incorporated purchased equipment in 2 0 2 2 at a cost of $ 2 9 4 , 0 0 0   The equipment was expected to produce 5 3 0 , 0 0 0 units over the next five years and have a residual value of $ 2 9 , 0 0 0   The equipment was sold for $ 1 5 0 , 0 0 0 part way through 2 0 2 4   Actual production in each year was  2 0 2 2   7 6 , 0 0 0 units  2 0 2 3   1 2 1 , 0 0 0 units  2 0 2 4   6 1 , 0 0 0 units  Mercury uses units   of   production Calculate the gain or loss on the sale  Prepare the journal entry to record the sale  Assuming that the equipment was instead sold for $ 1 7 9 , 0 0 0 , calculate the gain or loss on the sale  Prepare the journal entry to record the sale in requirement 3   Complete this question by entering your answers in the tabs below  Required 1 Assuming that the equipment was instead sold for $ 1 7 9 , 0 0 0 , calculate the gain or loss on the sale  Note  Do not round intermediate calculations  Complete this question by entering your answers in the tabs below  Required 1 Required 2 Required 3 Prepare the journal entry to record the sale in requirement 3   Note  If no entry is required for a transaction   event , select   No journal entry required  in the first account field  Do not round intermediate calculations  Journal entry worksheet Record the sale of equipment  Note  Enter debits before credits  over the next five years and have a residual value of $ 2 9 , 0 0 0   The equipment was sold for $ 1 5 0 , 0 0 0 part way through 2 0 2 4   Actual production in each year was  2 0 2 2   7 6 , 0 0 0 units  2 0 2 3   1 2 1 , 0 0 0 units  2 0 2 4   6 1 , 0 0 0 units  Mercury uses units   of   production Required  Calculate the gain or loss on the sale  Prepare the journal entry to record the sale  Assuming that the equipment was instead sold for $ 1 7 9 , 0 0 0 , calculate the gain or loss on the sale  Prepare the journal entry to record the sale in requirement 3   Complete this question by entering your answers in the tabs below  Required 1 Calculate the gain or loss on the sale  Note  Do not round intermediate calculations  Show all images Show all images Show all images done loading

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Mercury Incorporated purchased equipment in 2 0 2 2 at a cost of $ 2 9 4 , 0 0 0 . The equipment was

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