chapoo - Chapter 05 Inventory True Falsestions inventory is reported as a long 18. 1.00 points 4. Record the sale of the ovens at the end of the second year. (If no select "No journal entry reguit n the first account held.) View transaction list Journal entry worksheet Record the sale of ovens. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal HW 3 Instructions help Questions 15 - 18 (of 19) Save & Ext Sube The following information applies to the questions displayed below) 11.000 had an estimated service We of 10 New Moming Bakery is in the process of closing its operations sold its two-year-old bakery over to Great Harvest Bakery for $610,000. The ovens ongly Com years, and an estimated residual value of $50.000 New Moming Bakery uses the straigM line depreciation method for al equipment 15. Required information 0.78 points Required: 1. Calculate the balance in the accumulated depreciation account of the Accumulated depreciation References eBook & Resources Worksheet Difficulty: 3 Hard Learning t v 07-06 Account for the disposal of long-term asso