New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $328,700. The

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New Deli Is In The Process Of Closing Its Operations It Sold Its Three Year Old Ovens To Sicily Pizza For 328 700 The 1 (31.02 KiB) Viewed 57 times

New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $328,700. The ovens originally cost $438,500, had an estimated service life of 10 years, had an estimated residual value of $28,500, and were depreciated using straight-line depreciation. Complete the requirements below for New Deli. Problem 7-8B Part 4 4. Record the sale of the ovens at the end of the third year. (If no entry is required for a transactic select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 > Record the disposal of equipment. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal