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Business, 10.04.2020 00:22 jgpjessi1854

On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accumulated depreciation up-to-date, the delivery van had accumulated depreciation of $18,000. Patel received $2,000 cash from the purchaser of the delivery van.
Required:
1. Prepare the journal entries of above transactions.

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On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording...
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