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The following information is from Ellerby Company's comparative balance sheets. At December 31 Furniture Accumulated depreciation-Furniture Current Year $132,000 (88,700) Prior Year $184,500 (110,700) The

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The following information is from Ellerby Company's comparative balance sheets. At December 31 Furniture Accumulated depreciation-Furniture Current Year $132,000 (88,700) Prior Year $184,500 (110,700) The current-year income statement reports depreciation expense on furniture of $18,000. During the year, furnitu was sold for its book value on December 31, Current Year. Complete the general ledger accounts to calculate cash received from the sale of furniture. Furniture Beg bal 184,500 Sale of assets End, bal $ (13,200) 171,300 Accumulated Depreciation Beg bal End, bal 0 Cost Accumulated depreciation .docx Cost Accumulated depreciation Book value (Cash received) $ 0

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