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On,January 2,2013,Rubble Sand and Gravel Company Purchased Equipment for $77,000

Question 108

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On,January 2,2013,Rubble Sand and Gravel Company purchased equipment for $77,000.The equipment was to be used for five years and had a $2,000 estimated residual value.
On January 2,2016,equipment was sold for $30,000.Record the transactions on page 9 of a general journal.Omit descriptions.

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