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nment CALCULATOR Exercise 9-11 Pharoah Company owns equipment that cost $71,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method

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nment CALCULATOR Exercise 9-11 Pharoah Company owns equipment that cost $71,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $11,000 and an estimated useful life of 5 years. Prepare Pharoah Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) (a) (b) (c) (d) Sold for $37,000 on January 1, 2022. Sold for $37,000 on May 1, 2022. Sold for $15,000 on January 1, 2022. Sold for $15,000 on October 1, 2022 No. Account Titles and Explanation Debit (To record depreciation) x 231 Resume.docx A Resume.docx earch CES (To record depreciation) (To record sale of equipment) (To record depreciation) 231 Resume.docx Resume.docx 09 ELU mment d) (To record depreciation) (To record sale of equipment) Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: 0 of 5 used SAVE FOR LATER SUB x A 2 31 Resume.docx 0 Resume.docx earch

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