Question: View Policies Current Attempt in Progress The following are some transactions of Blossom Company for 2 0 2 4 . Blossom Company uses straight -
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Current Attempt in Progress
The following are some transactions of Blossom Company for Blossom Company uses straightline depreciation and has a December year end.
Apr. Retired a piece of equipment that was purchased on January for $ The equipment had an expected useful life of years with no residual value.
July Sold equipment for $ cash. The equipment was purchased on January for $ and was depreciated over an expected useful life of three years with no residual value.
Nov. Traded in an old vehicle for a new vehicle, receiving a $ tradein allowance and paying $ cash. The old vehicle had been purchased on November at a cost of $ The estimated useful life was eight years and the estimated residual value was $ The fair value of the old vehicle was $ on November
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For each of these disposals, pre required. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry. Record journal entries in the order presented in the problem.
Date
Account Titles
Debit
Credit
Apr.
Equipment
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