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The following information is from Ellerby Company's comparative balance sheets, The curtent year income statement...

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Accounting

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The following information is from Ellerby Company's comparative balance sheets, The curtent year income statement reports depreciation expense on furniture of $25.500. During the year, furniture costing $60.000 was sold for its book value on December 31. Current Year. Complete the generai ledger accounts to calculate cash received from the sale of furniture

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