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of the journal entry table. ) Begin by recording the depreciation expense as of Jun. 3 0 , 2 0 2 4 . table
of the journal entry table.
Begin by recording the depreciation expense as of Jun.
tableDateAccounts and Explanation,Debit,CreditJun
Before recording the sale of the fixtures, let's calculate any gain or loss on the sale of the fixtures. Enter a loss with a minus sign or parentheses.
Market value of assets received
Less: Book value of asset disposed of
Cost
Less: Accumulated Depreciation
Gain or Loss
Now, record the sale of the fixtures on June
tableDateAccounts and Explanation,Debit,Jun
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