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Prepare necessary journal entries for independent scenarios

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Reference no: EM132429783

Question - A piece of equipment costing $24,000 with an accumulated depreciation of $13,000 was sold.

Prepare the necessary journal entries for the following independent scenarios:

a) Sold for $15,000 cash

b) Sold for $10,000 cash

c) Sold for $11,000 cash.

Reference no: EM132429783

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