1. At 01/01/2012, The Leading Vehicle Company, part of Abu Khader Group purchased furniture on credit for their offices in Mecca Street with an amount of JOD 4,500 from XYZ Company, with useful life of 5 years and no salvage value, depreciated based on straight line method.
   
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3. a. Register the purchase transactions in the Journal.
4. b. If the company sold the above asset at 30/06/2015 with an amount of 2,100 JD, record the entries for the following:
   Depreciation - Year 2015
   Sales transaction

Answer rating: 100% (QA)

a Register the purchase transactions in the Journal Date 01012012 Description Furniture Purchase on ... View the full answer