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Bennett Corporation sold a truck on January 2, 2022 for $63,000 cash. The truck, which originally cost $88,000, had accumulated depreciation through December 31, 2021

Bennett Corporation sold a truck on January 2, 2022 for $63,000 cash. The truck, which originally cost $88,000, had accumulated depreciation through December 31, 2021 of $20,000. Prepare the general journal entry to record the disposal of the truck on January 2, 2022

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