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need your help with this multiple answer question. (a,b,c,d) thank you in advance Sunland Company owns equipment that cost $69480 when purchased on January 1,
need your help with this multiple answer question. (a,b,c,d)
Sunland Company owns equipment that cost $69480 when purchased on January 1, 2019, it has been depreciated using the straight- line method based on estimated salvage value of $3,120 and an estimated useful life of 5 years. Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations. (List all cebit entries before credit entries . Credit account titles are automatically indented when amount is entered. Do not incent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) (a) (b) Sold for $34.816 on January 1, 2022. Sold for $34.816 on May 1, 2022. Sold for $10,800 on January 1, 2022. Sold for $10,800 on October 1, 2022. (c) (d) No. Account Titles and Explanation Debit Credit (a) 34816 (b) (To record depreciation) (To record sale of equipment) To record sale of equipment) o (d) (To record depreciation) (To record Equipment nent) thank you in advance
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