On January 1, 2014, Paul Company purchased a delivery truck for $ 45,000. Management estimated depreciation to be $ 10,0

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answerhappygod
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On January 1, 2014, Paul Company purchased a delivery truck for $ 45,000. Management estimated depreciation to be $ 10,0

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On January 1, 2014, Paul Company purchased a delivery truck for$ 45,000. Management estimated depreciation to be $ 10,000 peryear. On June 30, 2017, management sold the delivery van for $7,000.
Required: Prepare journal entries for June 30,2017.
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