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Required information [The following information applies to the questions displayed below:] As part of a major renovation at the beginning of the year, Atiase
Required information [The following information applies to the questions displayed below:] As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Incorporated, sold shelving units (recorded as Equipment) that were 10 years old for $830 cash. The shelves originally cost $6,520 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $420. 2. Prepare the journal entry to record the sale of the shelving units. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet < A Record the sale of the shelving units for $830. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal
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