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Prepare journal entries to update depreciation to september

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Reference no: EM132791042

Bridgeport Company sells equipment on September 30, 2020, for $17,600 cash. The equipment originally cost $71,500 and as of January 1, 2020, had accumulated depreciation of $42,100. Depreciation for the first 9 months of 2020 is $5,350.

Problem 1: Prepare the journal entries to update depreciation to September 30, 2020

Reference no: EM132791042

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