Question 1 [15 points] Holden Corp. sold machinery on December 31, 2014. The accounts showed...
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Question 1 [15 points] Holden Corp. sold machinery on December 31, 2014. The accounts showed adjusted balances on December 31, 2014 as follows: Machinery $114,000 Accumulated Depreciation, Machinery 63,000 Record the sale of the machinery under each of the following unrelated assumptions. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (.e., January 15 would be 15/Jan). a. Sold for $42.000 General Journal Date Account/Explanation Page Gj1 F Debit Credit b. Sold for $51,000 General Journal Date Account/Explanation Page Gj1 F Debit Credit a. Sold for $42.000 General Journal Date Account/Explanation Page Gj1 F Debit Credit b. Sold for $51,000 General Journal Date Account/Explanation Page Gj1 F Debit Credit c. Sold for $55,900 General Journal Date Account/Explanation Page Gj1 F Debit Credit Official Time: 18:00:06 SUBMIT AND MARK SAVE AND CLOSE
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