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please help with the empty spaces Question 2 of 3 -/2 Journalize all entries required on the above dates, including entries to update depreciation on
please help with the empty spaces
Question 2 of 3 -/2 Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Sheffield Corporation uses straight-line depreciation. (Record entries in the order displayed in the problem statement. 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.) Date Account Titles and Explanation Debit Credit June 30 : Depreciation Expense 4575 Accumulated Depreciation-Equipment 4575 Dec. 31 Depreciation Expense 4060 Accumulated Depreciation Equipment 4060 (To record depreciation expense for 2017) Cash 9080 Accumulated Depreciation-Equipment 16240 Gain on Disposal of Plant Assets 1320 Equipment 24000 (To record sale of computer) Jan. 1 Depreciation Expense Question 2 of 3 - /2 E Gain on Disposal of Plant Assets 1320 Equipment 24000 (To record sale of computer) Jan. 1 Depreciation Expense Accumulated Depreciation Equipment (To record depreciation expense for 2017) Cash Accumulated Depreciation Equipment Equipment Gain on Disposal of Plant Assets (To record sale of delivery truck) List of Accounts Save for Later Last saved 1 minute ago. Attempts: 0 of 2 used SubmitStep by Step Solution
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