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4- HP Company has equipment that was purchased for (historical cost) $15,200 and the salvage value is $1800 and the accumulated depreciation today is $11,000

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4- HP Company has equipment that was purchased for (historical cost) $15,200 and the salvage value is $1800 and the accumulated depreciation today is $11,000 Prepare journal entries to record the following cases. a- HP sells equipment for $1700 cash. b- HP sells equipment for $4800 on credit. C- HP retires its equipment (It was dumped in the garbage)

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