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Sale of Plant Asset After recording depreciation at the end of six years, Shannon sells the equipment. Prepare the journal entry to record the equipment's
Sale of Plant Asset After recording depreciation at the end of six years, Shannon sells the equipment. Prepare the journal entry to record the equipment's sale for Round to the nearest dollar:
a $ cash
b $ cash
c $ cash
tableDateGeneral Journal,CreditDescriptionDebitaCash,,Accumulated Depreciation Equipment,hatEquipment,,Gain on Sale of Plant Assets,hatTo record sale of equipment.,,,bCash,,Accumulated Depreciation Equipment,hatEquipment,hatTo record sale of equipment.,,,cCash,,Accumulated Depreciation Equipment,hatAccumulated Depreciation Equipment,,To record sale of equipment.,,,c
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