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please help Manrow Growers, Inc., owns equipment for sowing and harvesting its organic fruit, vegetables, and tree nuts that are sold to local restaurants and
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Manrow Growers, Inc., owns equipment for sowing and harvesting its organic fruit, vegetables, and tree nuts that are sold to local restaurants and grocery stores. At the beginning of 2019 , an asset account for the company showed the following balances: During 2019, the following expenditures were incurred for the equipment: The equipment is being depreciated on a straight-line basis over an estimated life of eight years with a $20,000 estimated residual value. The annual accounting period ends on December 31 . Prepare the journal entries to record the two expenditures during 2019. (If no entry is required for a ansaction/event, select "No journal entry required" in the first account field.) Step by Step Solution
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