=+On 31st December, 1959, the only balance on the books relating to the transaction is a debit
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=+On 31st December, 1959, the only balance on the books relating to the transaction is a debit on Motor Car Account of £1,550. Make any adjusting entries you think desirable and provide for depreciation at 20% per annum. Show how the balance will appear in the Balance Sheet of Jones at 31st December, 1959.
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