A microcomputer was purchased on January 1, 2017 at a cost of $11,000. It is expected to have a useful life of 5 years and a residual value of $1000. The microcomputer is depreciated using the...

A microcomputer was purchased on January 1, 2017 at a cost of    $11,000. It is expected to have a useful life of 5 years and a    residual value of $1000. The microcomputer is depreciated  using the straight line method.  Assume the microcomputer is disposed of, after year end depreciation has been recorded on January 1, 2020.

  REQUIRED:

Give the general journal entry to record the sale of the microcomputer under the following unrelated circumstances:

      1. The microcomputer is sold for $1,000.

      2. The microcomputer is sold for $7,300.

      3. The microcomputer is abandoned

Hint: Calculate Accumulated Depreciation balance at January 1, 2020