Mercury uses units-of-production depreciation, and all depreciation has been recorded through the disposal date. required: 1. calculate the gain or loss on the sale. 2. prepare the journal entry to record the sale. 3. assuming that the equipment was instead sold for $201,900, calculate the gain or loss on the sale. 4. prepare the journal entry to record the sale in requirement 3.

1. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount of unearned interest. 2. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount necessary to pay off the loan. ! i entered 967.82 for question 1 and 5,455.78 for question 2 and it said it was