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On July 1, 2014, Sandhill Enterprises sold equipment with an original cost of $84,100 for $32,700. The equipment was purchased January 1, 2011, and

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On July 1, 2014, Sandhill Enterprises sold equipment with an original cost of $84,100 for $32,700. The equipment was purchased January 1, 2011, and was depreciated using the straight-line method over a five-year useful life with a $9,000 salvage value. Prepare the journal entry to record the sale of the equipment. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Credit f Attempts: unlimited Submit Answer

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