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The following are the transactions of Morrell Corporation a. Morrell Corporation disposed of two computers at the end of their useful lives. The computers had
The following are the transactions of Morrell Corporation a. Morrell Corporation disposed of two computers at the end of their useful lives. The computers had cost $4720 and their Accumulated Depreciation was $4,720. No residual value was received. b. Assume the same information as (a), except that Accumulated Depreciation updated to the date of disposal was $3,440. Prepare journal entries to record above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet B Record the disposal of computers that had cost $4,720 and their accumulated depreciation to the date of disposal was $4,720. Note: Enter debits before credits Debit Credit General Journal Transaction View general journal Clear entry Record entry The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of two computers at the end of their useful lives. The computers had cost $4.720 and the Accumulated Depreciation was $4,720. No residual value was received b. Assume the same information as (a), except that Accumulated Depreciation updated to the date of disposal, was $3440 Prepare journal entries to record above transactions (if no entry is required for a transaction/event, celect "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet
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