Question: Question 39 omit explanations. On a sheet attached to the scantron, prepare a general journal for the following information. On November 1,2006, Rob's Auto Repair

Question 39 omit explanations.

On a sheet attached to the scantron, prepare a general journal for the following information. On November 1,2006, Rob's Auto Repair purchased diagnostic equipment for $ 18,000. The equipment had an estimated residual value of $3,000 and a five-year life and was sold on May 1, 2008. Assuming that the company depreciates the asset on a straight-line basis and reports on a calendar-year basis, journalize the following independent transactions in the journal provided. (Omit explanations.)

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