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Journal entry to record the sale of a truck Assume that a town sells a truck that it had originally purchased for $60,000 for a

Journal entry to record the sale of a truck Assume that a town sells a truck that it had originally purchased for $60,000 for a cash sale price of $25,000. Prepare the journal entry to record the sale. nal Cash Capital assets Debit Credit Gain on sale of capital asset 25,000 0 Loss on sale of capital asset 0 0 Other financing sources Other financing uses Previous Save Answers

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