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please do it clear enough to understand. Ch.8) 100 pts. Due: July 25 6 Saved Rayya Co purchases a machine for $134.400 on January 1,

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please do it clear enough to understand.
Ch.8) 100 pts. Due: July 25 6 Saved Rayya Co purchases a machine for $134.400 on January 1, 2019. Straight-line depreciation is taken each year for four years assuming a seven-year life and no salvage value. The machine is sold on July 1, 2023, during its fifth year of service. Prepare entries to record the partial year's depreciation on July 1, 2023, and to record the sale under each seperate situation (1) The machine is sold for $57,600 cash (2) The machine is sold for $46,080 cash. View transaction list Journal entry worksheet 3 Record the depreciation expense as of July 1, 2023. Note: Enter debits before credits. Debit Credit Date General Journal July 01, 2023 (Cash Accumulated depreciation - Machinery Gain on sale of machinery Machinery View general Journal Clear entry Record entry 8) 100 pts. Due: July 25 0 Saved Rayya Co, purchases a machine for $134,400 on January 1, 2019. Straight line depreciation is taken each year for four years assuming a seven-year life and no salvage value. The machine is sold on July 1, 2023, during its fifth year of service. Prepare entries to record the partial year's depreciation on July 1, 2023, and to record the sale under each seperate situation (1) The machine is sold for $57,600 cash. (2) The machine is sold for $46,080 cash. View transaction list Journal entry worksheet > 2 3 Record the sale of the machinery for $57,600 cash. Note: Enter debits before credits Debit Credit Date General Journal July 01, 2023 Cash Accumulated depreciation Machinery Loss on sale of machinery Machinery View general Journal Clear entry Record entry och wuer July 25 i Rayya Co. purchases a machine for $134,400 on January 1, 2019. Straight-line depreciation is taken each year for four years assuming a seven-year life and no salvage value. The machine is sold on July 1, 2023, during its fifth year of service Prepare entries to record the partial year's depreciation on July 1, 2023, and to record the sale under each seperate situation (1) The machine is sold for $57,600 cash. (2) The machine is sold for $46,080 cash. View transaction list Journal entry worksheet Record the total costs of the plant assets, Noter Enter det before credits Transaction General Journal Debit Credit View general Journal Clear entry Record entry

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