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You just sold a 3 year old fitness machine that originally cost you $3,900. The amount of cash received is $2,800. At the time of

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You just sold a 3 year old fitness machine that originally cost you $3,900. The amount of cash received is $2,800. At the time of the sale, that machine had $1,500 of accumulated depreciation. Prepare an appropriate journal entry below to record the sale of this machine by using account names appropriately. You have one employee and for a recent workweek, that employee earned $780. You withheld $50 in federal income taxes, no state taxes and follow the laws that require you to withhold 6.2% for social security and 1.45% for Medicare. A. Prepare the applicable payroll journal entry. The amounts can be rounded to the nearest $ amount. B. Prepare the applicable payroll tax journal entry. The amounts can be rounded to the nearest $ amount

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