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Culver Enterprises reported the following information regarding the companys property, plant, and equipment in the...

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Accounting

Culver Enterprises reported the following information regarding the companys property, plant, and equipment in the footnotes to the companys 2017 financial statements:
Equipment $351,000
Less: Accumulated depreciation 210,600 140,400

Assume that Culver Enterprises sells all of its equipment for $168,400 in cash on January 1, 2018. Prepare the entry to record the sale.

Account Titles and Explanation

Debit

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