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Funseth Farms Inc. purchased a tractor in 2 0 1 3 at a cost of $ 3 0 , 0 0 0 . The tractor

Funseth Farms Inc. purchased a tractor in 2013 at a cost of $30,000. The tractor was sold for $3,000 in 2016. Depreciation recorded through the disposal date totaled $26,000.
Required:
1.
Prepare the journal entry to record the sale.

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