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undefined -0- Bramble company's trial balance at December 31, 2020, is presented below. All 2020 transactions ha Debit Credit Cash $28,000 Accounts Receivable 35,500 Notes

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-0- Bramble company's trial balance at December 31, 2020, is presented below. All 2020 transactions ha Debit Credit Cash $28,000 Accounts Receivable 35,500 Notes Receivable 8,000 Interest Receivable Inventory 36,300 Prepaid Insurance 3,900 Land 21,600 Buildings 120,000 Equipment 53,000 Patents 9,900 Allowance for Doubtful Accounts $550 Accumulated Depreciation-Buildings 40,000 Accumulated Depreciation-Equipment 21,200 Accounts Payable 27,200 Salaries and Wages Payable Unearned Rent Revenue 4,800 Notes Payable (due in 2020) 12,000 Interest Payable -O- Notes Payable (due after 2020) 35,500 Common Stock 38,000 Retained Earnings 59,450 Dividends 14,500 Sales Revenue 903,000 Interest Revenue -0- Rent Revenue -0- Gain on Disposal of Plant Assets Bad Debts Expense -0- Cost of Goods Sold 639,000 Depreciation Expense -0- Insurance Expense -0- Interest Expense -0- Other Operating Expenses 62,000 Amortization Expense -0- Salaries and Wages Expense 110,000 Total $1,141,700 $1,141,700 -0- Prepare Journal Entries for these two please:/ 8. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost. 9. The equipment purchased on May 1, 2020, is being depreciated using the straight-line method over 5 years, with a salvage value of $2,600

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