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On July 1, Corel Sales sold its old office furniture for $7,000. The original cost was $12,000, and at the time sale, accumulated depreciation was

On July 1, Corel Sales sold its old office furniture for $7,000. The original cost was $12,000, and at the time sale, accumulated depreciation was $9,000. Prepare the journal entry to record the sale. Date Accounts Debit Credit

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