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The following information is from Ellerby Company's comparative balance sheets. The current year income statement reports depreciation expense on furniture of $22,000. During the year,

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The following information is from Ellerby Company's comparative balance sheets. The current year income statement reports depreciation expense on furniture of $22,000. During the year, furniture costing $56,500 was sold for its book value on December 31 , Current Year. Complete the general ledger accounts to calculate cash received from the sale of furniture. Complete the general ledger accounts to calculate cash received from the sale of furniture

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