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what is the journal entry of Memo # 3 Dated July 8 , 2 0 2 4 Chris s welding tank exploded when a customer

what is the journal entry of Memo #

3

Dated July

8, 2024

Chris

s welding tank exploded when a customer accidentally dropped it

.

Write off the welding tool

equipment recorded in account #

1480

valued at $

750 .

Create new Group expense account

5100

Damaged Tools.

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