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help The following information is from Ellerby Company's comparative balance sheets. The current year income statement reports depreciation expense on furniture of $27,500. During the

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The following information is from Ellerby Company's comparative balance sheets. The current year income statement reports depreciation expense on furniture of $27,500. During the year, furniture costing $62,000 was sold for its book value on December 31, Current Year. Complete the general ledger accounts to caiculate cash received from the sale of furniture

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