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Business, 02.12.2019 23:20 lilyrockstarmag

Gunkelson company sells equipment on september 30, 2015, for $18,010 cash. the equipment originally cost $71,880 and as of january 1, 2015, had accumulated depreciation of $42,260.
depreciation for the first 9 months of 2015 is $5,480.

prepare the journal entries to:

(a) update depreciation to september 30, 2015

(b) record the sale of the equipment.

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