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Purchased office furniture for $ 1 8 , 8 4 0 from Furniture Warehouse; issued Check 1 0 3 for $ 1 5 , 4

Purchased office furniture for $18,840 from Furniture Warehouse; issued Check 103 for $15,440 and agreed to pay the balance in 60 days. The equipment has an estimated useful life of six years and a $1,200 salvage value. The office furniture will be depreciated using the straight-line method.

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