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need your help on this one, second time posting. multiple part answer. (a,b,c,d) thanknyou in advance. Sandhill Company owns equipment that cost $140,000 when purchased
need your help on this one, second time posting.
Sandhill Company owns equipment that cost $140,000 when purchased on January 1, 2018. It has been depreciated using the straight- line method based on estimated salvage value of $14,000 and an estimated useful life of 5 years. Prepare Sandhill Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List ali debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter for the amounts) (a) (b Sold for $66,000 on January 1, 2021. Sold for $66,000 on May 1,2021. Sold for $37.500 on January 1, 2021 Sold for $37.500 on October 1, 2021 (c (d) No. Account Titles and Explanation Debit Credit (a) (b) (To record depreciation expense) SOVEM ac again) (c) (d) (To record depreciation expense) multiple part answer. (a,b,c,d)
thanknyou in advance.
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