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Business, 18.12.2019 18:31 rebekah052482

Gunkelson company sells equipment on september 30, 2017, for $18,300 cash. the equipment originally cost $74,500 and as of january 1, 2017, had accumulated depreciation of $41,900. depreciation for the first 9 months of 2017 is $5,550. prepare the journal entries to (a) update depreciation to september 30, 2017, and (b) record the sale of the equipment.

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