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Sellem, Inc. is disposing of office furniture it has had for 2 1/2 year. The cost of the furniture was $10,000, and Sellem estimated the

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Sellem, Inc. is disposing of office furniture it has had for 2 1/2 year. The cost of the furniture was $10,000, and Sellem estimated the salvage to be $2,000. A four-year life was expected. a. Journalize the sale for $7, 500. b. Journalize the sale for $2, 300. c. Journalize the disposal if Sellem the furniture

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