On January 1, 2016, Wheeler, Inc. purchased some equipment for $3,900. The equipment had an estimated life of five years and an expected residual value of $200. On July, 1, 2018, the equipment was sold for $1,000.
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Culver Corporation's adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $122,300, Common Stock $758,700, Bonds Payable $108,400, Paid-in Capital in Excess of Par-Common Stock $208,400, Goodwill $60,900,
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