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Prepare Journal Entry On October 15, company car was destroyed in an accident. The vehicle had a cost of $23,000, and an accumulated depreciation of

Prepare Journal Entry 

 

On October 15, company car was destroyed in an accident. The vehicle had a cost of $23,000, and an accumulated depreciation of $17,000. Grow-a-Lot received a check for $5,500 from their insurance company. ransaction

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