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McLean Manufacturing Company sold a three-speed lathe (equipment) for $24,000 cash. The lathe cost $66,200 and had a book value of $23,200. Required: compose the

McLean Manufacturing Company sold a three-speed lathe (equipment) for $24,000 cash. The lathe cost $66,200 and had a book value of $23,200. Required: compose the journal entry to record the sale. Note...

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