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Business, 22.04.2020 02:53 thornlilly17

Ivanhoe Company sells office equipment on July 31, 2022, for $22,330 cash. The office equipment originally cost $83,350 and as of January 1, 2022, had accumulated depreciation of $38,110. Depreciation for the first 7 months of 2022 is $4,730. Prepare the journal entries to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment.

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Ivanhoe Company sells office equipment on July 31, 2022, for $22,330 cash. The office equipment orig...
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