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My courses Summer 212 ACN 1309/AIS 1302 (E) 10 September - 16 September Third quiz_SecE_Sum21_FA-1_MHM Muaj & Company owns a machine that cost Tk 100,000 when purchased on June 1, 2018. It has been depreciated using the double declining balance method assuming no salvage value and an estimated useful life of 5 years. The company uses calendar year (January-December) to prepare the financial statements. Instructions: Prepare Muaj & Company's journal entries to record the sale of the equipment in the following four independent situations (a) Sold for Tk 30,000 on January 1, 2021 (6) Sold for Tk. 30,000 on May 1, 2021 (c) Sold for TK.5,000 on January 1, 2021 (d) Sold for Tk 5,000 on October 1, 2021 7 A- B I % c? 51