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need help, will thumb up if correct Carla Vista Limited sold equipment on September 30,2024 , for $40,290 cash. The equipment originally cost $137,230 when
need help, will thumb up if correct
Carla Vista Limited sold equipment on September 30,2024 , for $40,290 cash. The equipment originally cost $137,230 when purchased on January 1, 2022. It has an estimated residual value of $3,890 and a useful life of five years. Depreciation is recorded annually and was last recorded on December 31,2023, the company's year end. Record debit side accounts first foll owed by credit side accounts. Prepare the journal entry to record the sale of the equipment. (List all debit entrles before credit entries. Credit occount titles are automatically indented when the amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the sccount titles and enter O for the amounts.) Step by Step Solution
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