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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 $4,780 and their Accumulated Depreciation was $4,780. No residual value was received. b. Assume the same information as (a), except that Accumulated Depreciation, updated to the date of disposal, was $3,560. 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.) & Answer is not complete. No Transaction General Journal Debit Credit Accumulated Depreciation Equipment 4,780 Office Expenses 4,780 Accumulated Depreciation-Equipment Cash Office Expenses
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