Prepare the necessary journal entries, Accounting Basics

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Prepare the necessary journal entries

Problem: A piece of equipment costing $24,000 with an accumulated depreciation of $13,000 was sold.

Prepare the necessary journal entries for the following independent scenarios:

a) Sold for $15,000 cash

b) Sold for $10,000 cash

c) Sold for $11,000 cash

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Accounting Basics: Prepare the necessary journal entries

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Accounting Basics: Prepare the necessary journal entries

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