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Do It! Review 7-2a Your answer is partially correct. Try again. On January 1, 2017,...

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Do It! Review 7-2a Your answer is partially correct. Try again. On January 1, 2017, Windsor Country Club purchased a new riding mower for $17,200. The mower is expected to have a 10-year life with a $900 salvage value Prepare a tabular summary to record depreciation expense on December 31, 2017, if Windscr uses straight-line depreciation. (Ifa transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a nogative sign parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Asscts = Liabilities Stockholders' Equity Retained Earnings CashEquipmentAccum. Depr. - Equip. + Common Stock Revenue Expense Dividend Bal. (17,200) 172 eprecladion expense

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