As part of a major renovation at the beginning of the year, Bonham's Bakery sold...
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Accounting
As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 17 years old for $2,000 cash. The original cost of the shelves was $6,700 and they had been depreciated on a straight-line basis over an estimated useful life of 19 years with an estimated residual value of $1,000 Record the sale of the shelving units. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the sale of the shelving units. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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