Question
On January 2, 2022, Just for Pet purchased fdures for 542,000 cash, expecting the fixtures to remain in service for six years. Just for
On January 2, 2022, Just for Pet purchased fdures for 542,000 cash, expecting the fixtures to remain in service for six years. Just for Pet has depreciated the fitures on a straight-line basis, with $6.000 residual value. On June 30, 2024 Just for Pet sold the fixtures for $25.500 cash Record both deprecation expense for 2004 and sale of the fixtures on June 30, 2024. (Aasume the modded half month convention is used. Record debla first, the credits Select the explanation on the last line of the journal entry) Begin by recording the depreciation expense as of Jun 30, 2024 Date Jun 30 Accounts and Explanation Debil Credi Before recording the sale of the futures, let's calculate any gen or loss on the sale of the futures Enter a toss with a minus sign or parentheses) Market value of Cost Les Accum Delon Now record the sale of the fures on June 30, 2024 Due 8x Accounts and Explanation Deb Cred
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