Providence Company sold equipment for $25,000 cash. The equipment had originally cost $35,000 and had accumulated depreciation

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Providence Company sold equipment for $25,000 cash. The equipment had originally cost $35,000 and had accumulated depreciation of $15,000. Prepare the worksheet entry (in journal entry format) to record this transaction for Providence Company’s statement of cash flows.

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Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

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