Question: 3 QS 12-8 Computing cash from asset sales LO P3 25 point The following information is from Ellerby Company's comparative bolance sheets At December 11

3 QS 12-8 Computing cash from asset sales LO P3 25 point The following information is from Ellerby Company's comparative bolance sheets At December 11 Furniture Accumulated depreciation Furniture Current Year $116.500 (90,200) Por Ver $ 190,500 (112,200) The current year income statement reports depreciation expense on furniture of $19,500. During the year. (urniture costing 554.000 was sold for its book value on December 31, Current Year Complete the general ledger accounts to calculate cash received from the sale of furniture Furniture Beg bar End bal Accumulated Depreciation to bol El End, bal. Accumulated Depreciation Beg bal. End, bal. Cost Accumulated depreciation Book value (Cash received)
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