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question B but here is the infomation from A Sheridan Company owns equipment that cost $72,000 when purchased on January 2.2024 It has been depreciated
question B but here is the infomation from A Sheridan Company owns equipment that cost $72,000 when purchased on January 2.2024 It has been depreciated using the straight-line method based on estimated residualvalue of $6,000 and an estimated usefullife of five years. Following are the four independent situations. (a) Prepare Sheridan Company's journal entry to record the sale of the equipment for $35,000 on danuary 2 2027. (Credit account tites cre automaticoly indeltrd when the amount bentered Do not indent manualy if no entry is required select "No Entry" for the account titis and enter Ofor the anounts, (ist oll debit entris before ciedit entries) Prepare Sheridan Company's journal entry to record the sale of the equipment for $35,000 on May 1, 2027. iCredit acoount tirles are automaticaly indented when the amount is entered, Do not indent marualix if mo entry is required, select "Wo Entry' for the account titlesand enter ofor the anaints List all debitentries before credit eniries)
question B but here is the infomation from A
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