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thanks! As part of a major renovation at the beginning...

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Accounting

thanks!
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As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 17 years old for $2.400 cash. The original cost of the shelves was $7.100 and they had been depreciated on a straight-line basis over an estimated useful life of 19 years with an estimated residual value of 51,400. Record the sale of the shelving units. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet Credit No Transaction Debit 2.400 5.100 A 1 General Journal Cash Accumulated depreciation, store fixtures Gain on sale of store fixtures Store fixtures

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