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Sheridan Compary ownri equipment that cont 574,400 when purchaued on January 1,2019 . Ithas been depreciated uting the straight. line method bayed on estiensted salvage
Sheridan Compary ownri equipment that cont 574,400 when purchaued on January 1,2019 . Ithas been depreciated uting the straight. line method bayed on estiensted salvage value of $4,920 and an es timated useful life of 5 vears. Prepare Sheridan Company's journal entries to record the sale of the equigment in these four independent situations fust all debit entries before credit entries Credit account tifies are odtomotickly indented when amount is entered Do not indent manually if no entry is roculird, select "No Entrn" for the occount tiltes and enter of for the amount.) (a) Sold for 536,688 on 1 amuary 1,2022 (b) Sold tor $36,688 on May 1.2022. (c) Sold for $11,000 on danuary 1,2022 (d) Sold for $11.000 onoctober 1. 2022 (c) Accumulated Depreciation-Equipment Cash Loss on Dirporal of Piant Assets Equipment (d) Accumulated Depreciation-Equipment Deprecialion Expense (To record depreciation) Cash Lots on Ditposalot Plant Asrets Equianeot (To record sale of equigment)
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