Presented below are selected transactions for Corbin Company for 2010. 
Instructions
Journalize all entries required as a result of the above transactions. Corbin Company uses the straight-line method of depreciation and has recorded depreciation through December 31, 2009.
Correct Answer:
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Q248: Equipment was acquired on January 1, 2007,
Q249: Tidwell Company sold the following two machines
Q250: Payne Company purchased equipment in 2003 for
Q251: Hanshew's Lumber Mill sold two machines in
Q252: Eckan Word Processing Service uses the straight-line
Q254: Koch Company owns equipment that cost $100,000
Q255: Dayton Mining Company purchased land containing an
Q256: On January 2, 2010, Milroy Company purchased
Q257: Steve White the new controller of Weinberg
Q258: A company purchased a patent on January
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