On December 29, 2019 Patel Products, inc, sells a delivery van that cost \$20,000 . After recording the entry to bring the accumulated depreciation up-to-date, the delivery van had accumulated depreciation of \$18,000 . Patel received \$2,000 cash from the purchaser the delivery van

Required Information Knowledge Check 01 On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accumulated depreciation up-to-date, the delivery van had accumulated depreciation of $18,000. Patel received $2,000 cash from the purchaser of the delivery van. Complete the necessary Journal entry to record the sale by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns Answer is complete but not entirely correct. No Date Credit Dec 29 General Journal Cash Accumulated depreciation Depreciation expense Delivery van Debit 2,000 18,000 500 20,000