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Required information [The following information applies to the questions displayed below.) New Morning Bakery is in the process of closing its operations. It sold its

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Required information [The following information applies to the questions displayed below.) New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $540,000. The ovens originally cost $734,000, had an estimated service life of 10 years, had an estimated residual value of $44,000, and were depreciated using straight-line depreciation Complete the requirements below for New Morning Bakery Record the sale of the ovens at the end of the second year (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the sale of ovens Note: Enter debts before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal

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