Question: do it in this format i have given please answer in the format given (d) Sold tor 52a5200May12025 (10) Selt for 3 to 120 ton

(d) Sold tor 52a5200May12025 (10) Selt for 3 to 120 ton ianary 1, 20.25. Sheridan Company owns equipment that cost $59,800 when purchased on danaary 1, 2022. It has been depreciated using the straighttine thethod based on an estimated salvage value of 54.600 and an estimated useful life of 5 years Prepare Sheridan Corvpary's journal entries to record the sale of the equipment in these four independent situations. (Last all debit entries before credit entries. Credit octount tities are outomaticolly indented when amount is entered Do not indent mamelly if no entry is required, select 'No Entry' for the account titles and enter Ofor the amounts) (a) Sold for $20,520 on Jantuary 1,2025, (b) Sold for $28,520 on May 1.2025. (c) Sold tor \$10.120 on danuary 1.2025. (d) Soli for 510,120 on October 1,2025. No. Account Tities and Explanation Debit Credit (a) (b) (Torecord depreciation) (To record sale of equipinent) (c) (d) (Torecond depreclation) (To record sale of equipment)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
