Solved: Orbit airways ourchased a baggage-handling truck for 41000, Accounting Basics

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Orbit airways ourchased a baggage-handling truck for 41000

Question - Orbit Airways ourchased a baggage-handling truck for $41,000. Suppose Orbit sold the truck on December 31,2008 for $28,000 cash,, after using the truck for two full years and accumulationg depreciation of $16,000. Make the journal entry to record Orbit's sale of the truck.

Could you answer the question on new MS Excel file? Thank you!

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Accounting Basics: Orbit airways ourchased a baggage-handling truck for 41000

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Accounting Basics: Orbit airways ourchased a baggage-handling truck for 41000

Reference No:- TGS02580962

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