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please fill out the journal entries for 2024, 2025 and 2026. Thank you very much. On October 31, 2024, Carla Vista Ltd. purchased a piece
please fill out the journal entries for 2024, 2025 and 2026. Thank you very much.
On October 31, 2024, Carla Vista Ltd. purchased a piece of machinery for $37,000. At the time, management determined that the machinery would have a residual value of $4,600 at the end of its 10 -year life. Carla Vista has a December 31 year end and uses the straight-line depreciation method. Carla Vista ended up selling the piece of equipment on March 31, 2026, for $28,000. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) (To record sale of machine)Step by Step Solution
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