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mework Help Save QS 12-7 Computing cash from asset sales LO P3 The following selected...

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mework Help Save QS 12-7 Computing cash from asset sales LO P3 The following selected information is from Ellerby Company's comparative balance sheets. At Decembe Furniture Accumulated depreciation-Furniture 2017 $133,500 186, 500 (89, 200) (111,200) The income statement reports depreciation expense for the year of $18,500. Also, furniture costing $53,000 was sold for its book value on December 31, 2017 Complete the general ledger accounts to calculate the cash received from the sale of furniture Furniture Beg. bal Ent. bal. Accumulated Depreciation Beg, bal K Prev 4 or Next >

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