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Peabody company purchased equipment on January 1, 2013 for s26.000 suppose Peabody sold the equipment for s5.000 on December 31.2014. Accumulated Depreciation as of December

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Peabody company purchased equipment on January 1, 2013 for s26.000 suppose Peabody sold the equipment for s5.000 on December 31.2014. Accumulated Depreciation as of December 31. 2014, was $15,000. Journalize the sale of the equipment, assuming straightline depreciation was used First, calculate any gain or loss on the sale of equipment (Enter aloss with a minus sign or parentheses) the Market value of assets received Less Book value of asset disposed of Less Accumulated Depreciation Gain or Moss) Now, joumalize the sale of the equipment. Record debas lirst then credits Explanations wiit appear on the last line of the journal entry table Check your spelling carefilly and do not abbrnate) Accounts and Explanation Debit Credit Dec 31 the input fields, then continue enter any number

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