Business, 13.05.2021 19:20 irwinguevara52
Sheffield Corp. sells office equipment on July 31, 2022, for $19,200 cash. The office equipment originally cost $73,400 and as of January 1, 2022, had accumulated depreciation of $42,400. Depreciation for the first 7 months of 2022 is $5,750. Prepare the journal entries to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment
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Sheffield Corp. sells office equipment on July 31, 2022, for $19,200 cash. The office equipment orig...
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