(Answered) Question - carlton company sells office equipment on

Accounting

Question - Carlton Company sells office equipment on September 30, 2010, for $24,412 cash. The office equipment originally cost $76,982 and as of January 1, 2010, had accumulated depreciation of $43,492. Depreciation for the first 9 months of 2010 is $6,140.

Prepare the journal entries to

(a) Update depreciation to September 30, 2010 and

(b) Record the sale of the equipment.

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