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Requirement 1. Record the disposition of the equipment assuming the following independent situations: a. Dominico discarded the equipment, receiving $0. b. Dominico sold the equipment

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Requirement 1. Record the disposition of the equipment assuming the following independent situations: a. Dominico discarded the equipment, receiving $0. b. Dominico sold the equipment for $9,000 cash. C. Dominico traded the equipment in on a new piece of equipment costing $50,000. Dominico was granted a(n) $10,500 trade-in allowance for the old equipment and paid the difference in cash. Dominico traded the equipment in on a new piece of equipment costing $34,000. Dominico was granted a $2,500 trade-in allowance for the old equipment and signed a note payable for the difference. Print Done Dominico, Inc., had a piece of equipment that cost $42,000 and had accumulated depreciation of $35,000. Read the requirement a. Dominico discarded the equipment receiving $0.(Record debits first, then credits. Exclude explanations from all journal entries.) Journal Entry Date Accounts Debit Credit b. Dominico sold the equipment for $9,000 cash. Choose from any list or enter any number in the input fields and then continue to the next question. Dominico, Inc., had a piece of equipment that cost $42,000 and had accumulated depreciation of $35,000 Read the requirement: b. Dominico sold the equipment for $9,000 cash. Journal Entry Date Accounts Debit Credit c. Dominico traded the equipment in on a new piece of equipment costing $50,000. Dominico was granted a $10,500 trade-in allowa naid the difference in rach Choose from any list or enter any number in the input fields and then continue to the next question. Dominico, Inc., had a piece of equipment that cost $42,000 and had accumulated depreciation of $35,000 Read the requirement. c. Dominico traded the equipment in on a new piece of equipment costing $50,000. Dominico was granted a $10,500 trade-in allowance for the old equipment and paid the difference in cash. Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Dominico, Inc., had a piece of equipment that cost $42,000 and had accumulated depreciation of $36,000 Read the requirement d. Dominico traded the equipment in on a new piece of equipment costing $34,000. Dominico was granted a $2,500 trade-in allowance for the old equipment and signed a note payable for the difference. Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next

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