On January 1, 2017, Jumping Rock Brewery purchased a van for $42,000. Jumping Rock expects the van to have a useful life of five years and for $23,000 cash Requirements 1. What was the carrying amount of the van at the date of sale? 2. Record the sale of the van on December 31, 2020 Requirement 1. What was the carrying amount of the van at the date of sale? (Round to the nearest whole dollar.) The carrying amount of the van at the date of sale was Requirement 2. Record the sale of the van on December 31, 2020 (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit 2020 Dec 31 of five years and a residual value of $9,000 The depreciation method used was straight-line On December 31, 2020, the van was sold Question Viewer required.) Requirements 1. What was the carrying amount of the van at the date of sale? 2. Record the sale of the van on December 31, 2020 Requirement 1. What was the carrying amount of the van at the date of sale? (Round to the nearest whole dollar.) The carrying amount of the van at the date of sale was $ Requirement 2. Record the sale of the van on December 31, 2020. (Record debits first, then credits. Explanations are not Journal Entry Date Accounts Debit Credit 2020 Dec 31