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Prepare journal entries to record these transactions Credit account titles are automatically indented when amount is entered Do not indent manually If no entry is required select

Prepare journal entries to record these transactions.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

(a)   Crane Company retires its delivery equipment, which cost $48,750. Accumulated depreciation is also $48,750 on this delivery equipment. No salvage value is received.
(b)   Assume the same information as in part (a), except that accumulated depreciation for the equipment is $36,710 instead of 48,750.

Prepare journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for t

May 21 2020 View more View Less

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