(Answered) Questionwettlauffer company ltd shows the following entries

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Wettlauffer Company Ltd. shows the following entries in its Equipment account for 2014. All amounts are based on historical cost.

			Equipment
1/1		Balance	115,885	6/30	Cost of equipment sold (purchased prior to 2014)	19,780
8/10	Purchases of equipment	27,520
8/12	Freight on equipment purchased	602
8/25	Installation costs	2,322
11/10	Repairs	430

Prepare any correcting entries that are necessary. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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