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Part B Morris Company has a mixer machine that is sold on January 1, 2023. The cost of the mixer was $2,000,000 and the accumulated

Part B

Morris Company has a mixer machine that is sold on January 1, 2023. The cost of the mixer was $2,000,000 and the accumulated depreciation on the mixer on the date of sale is $1,900,000. Morris sells the machine for $600,000.

Required:

Prepare the journal entry to record the sale of the mixer.

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