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Becky purchased a car for $37,000 on Jan. 1, 2020. It has a 7 year life and a $2,000 salvage value. She sold it on

Becky purchased a car for $37,000 on Jan. 1, 2020. It has a 7 year life and a $2,000 salvage value. She sold it on August 1, 2023 for $3,000. Depreciation has not been recorded in 2023. Please show your work for credit. Prepare the necessary entries to record the sale on August 1, 2023.

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