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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Carlton Company sells office equipment on July 31, 2012, for $21,000 cash. The office equipment originally cost $72,000 and as of January 1, 2012, had accumulated depreciation of $42,000. Depreciation for the first 9 months of 2012 is $6,000. Prepare the journal entries to (a) update depreciation to July 31, 2012 and (b) record the sale of the equipment. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.) Account/Description Debit Credit (a) (b)
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