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Stearns Co . purchased a new machine on January 1 , 2 0 2 2 , for $ 6 0 3 , 0 0 0
Stearns Co purchased a new machine on January for $ paying all cash. At the time of acquisition, the machine was estimated to have a useful life of years and no salvage value. The company uses the straightline method of depreciation. On April the machine was sold for $
a What journal entryies were made in
b What journal entryies were made in
c What journal entry ies were made in
d For each entry, what is the effect of ALL entries on total assets, liabilities, equity, revenues, expenses, and net income? Also report the total of all the entries for all the years just report one total Give both direction and amount
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