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Your answer is partially correct. Concord Company has an old factory machine that cost $58,000. The machine has accumulated depreciation of $32,480. Concord has decided
Your answer is partially correct. Concord Company has an old factory machine that cost $58,000. The machine has accumulated depreciation of $32,480. Concord has decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) (a) What entry would Concord make to record the sale of the machine for $29,480 cash? (b) What entry would Concord make to record the sale of the machine for $19,480 cash? No. Account Titles and Explanation Debit Credit (a) Cash 29,480 Accumulated Depreciation-Equipment 32.480 Sales Revenue 3960 here to search W Rain off and on A os Question 1 of 1 0.88 / 1 III No. Account Titles and Explanation Debit Credit Cash 29,480 Accumulated Depreciation-Equipment 32,480 Sales Revenue 3960 58000 Cash 19480 Accumulated Depreciation Equipment 32480 h Loss on Disposal of Plant Assets 6040 58000 here to search O Rain off and on
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