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On September 30,2021 , Sternberg Company sold office equipment for $12 , 000 . The equipment was purchased on March 31, 2018, for $24 ,

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On September 30,2021 , Sternberg Company sold office equipment for $12 , 000 . The equipment was purchased on March 31, 2018, for $24 , 000 . The asset was being depreciated over a five-year life using the straight-line method, with depreciation based on months in service. No residual value was anticipated. Required: Prepare the journal entries to record 2021 depreciation and the sale of the equipment (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 2 Record the depreciation for office equipment purchased on March 31,2018 for $24 , 000 having no residual value sold on September 30,2021 , depreciated over a five-year life using the straight-line method, with depreciation based on months in service. Note: Enter debits before credits

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