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on 12/03/2017, a mixer with a cost of $2000, accumulated depreciation $1200, was destroyed by a forklift. As of 12/23/2017, the insurance company has agreed

on 12/03/2017, a mixer with a cost of $2000, accumulated depreciation $1200, was destroyed by a forklift. As of 12/23/2017, the insurance company has agreed to pay $700 in January 2018, for accidental destruction. Please tell me the journal entries for this.

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