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Help with journal entry please: 31-Oct Traded old truck plus $7,000 cash for new Check 158 truck. The old truck was used 12 mos. In

Help with journal entry please:

31-Oct Traded old truck plus $7,000 cash for new Check 158

truck. The old truck was used 12 mos. In the current year. The business uses 5 yr SL.

What journal would it go into and what would the entry be?

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