Trimer Corp sold a truck for $15,000 cash. It was originally purchased for $50,000 and had accumulated depreciation of $30,000 at the time of sale. Give the journal entry for the sale of truck.

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The Answer of Trimer Corp sold a truck for $15,000 cash. It was originally purchased for $50,000 and had accumulated depreciation of $30,000 at the time of sale. Give the journal entry for the sale of truck.

Trimer Corp Sold a Truck for $15,000 Cash