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On January 1, 2018, management acquired a new delivery van for $ 30,000. Management intended on using the machine for five years and traded
On January 1, 2018, management acquired a new delivery van for $ 30,000. Management intended on using the machine for five years and traded it in for $ 4,000. On June 30, 2022, management sold the delivery van for $ 7,000. Required: Prepare journal entries for June 30, 2022.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
