i need the answer quickly Chapter (8) PracticesQ1: On January 1, 2009, Baghdad Company owns equupment at cash price of ID 45000Related expenditures are for sales taxes ID 3000, insurance during shipping1000, and installation and testing ID 1000. It has been depreciated using the straishtline method based on estimated salvage value of ID 5 000 and an estimated use6life of 5 years.Instructions:Prepare Baghdad Company's journal entries four the following (Show all computations):1- Record entry of acquisition at -1-2009.2- Record the sale of the equipment in these four independent situations.(a) Sold for ID 2 8 000 on January 1, 2012.-(b) Sold for ID 2 8 000 on 1-5- 2012.(c) Sold for ID 11 000 on 1-1-2012.(d) Sold for ID 11000 on 1-10- 2012.

Journal entries are those entries which the company records first in the book of journal book at the…

Prepare Baghdad Company's journal entries four the following (Show all computations): 1- Record entry of acquisition at 1-1-2009. Record the sale of the equipment in these four independent situations. (a) Sold for ID 28 000 on January 1, 2012. (b) Sold for ID 28 000 on 1-5- 2012. 2- (c) Sold for ID 11 000 on 1-1-2012. (d) Sold for ID 11000 on 1-10- 2012.