Question: Current Attempt in Progress Sheffield Co. has equipment that cost $79,000 and that has been depreciated $49,700. Record the disposal under the following assumptions. (a)
Current Attempt in Progress Sheffield Co. has equipment that cost $79,000 and that has been depreciated $49,700. Record the disposal under the following assumptions. (a) (b) (c) (List all debit entries before credit entries. 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 0 for the amounts.) No. Account Titles and Explanation (a) It was discarded with no cash received. It was sold for $23,500. It was sold for $35,500. (b) (c) Debit Credit

(Lht oll debit entries before credit entries. Credit account bitles are automaticafyy indented when arnount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account bities and enter O for the amounts) (Uist oll debit entries before credit entries, Credit account bitles are automaticaliy indented when amount is entered. Do not indent manually. If no entry is required, select " M0 Entry" for the occount nities and enter 0 for the amounts
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