The following selected information is from Ellerby Company's comparative balance sheets
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Business, 19.02.2020 21:07 YARETZYVENCES2144
The following selected information is from Ellerby Company's comparative balance sheets
At December 31 2017 2016
Furniture $153,000 $212,500
Accumulated depreciation-Furniture 95,700 117,700
The income statement reports depreciation expense for the year of $25,000.
Also, furniture costing $59,500 was sold for its book value on December 31, 2017
Complete the general ledger accounts to calculate the cash received from the sale of furniture
Answers: 2
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