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Please answer question #28, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Prepare journal entries to record these transactions. (Credit account titles are automatically
Please answer question #28, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) (a) Wildhorse Co. retires its delivery equipment, which cost $52,420. Accumulated depreciation is also $52,420 on this delivery equipment. No salvage value is received. Assume the same information as in part (a), except that accumulated depreciation for the equipment is $36,090 instead of 52,420 (b) Debit Credit No. Account Titles and Explanation (a) (b)
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