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Could write the general journal and why

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Reference no: EM133000023

On the last day of the month (30 June) the business traded both of the delivery vans in for two larger vans worth $120 000 in total(GST free - no GST). They were given a trade in of $50 000 on the old vans, with the balance to be paid in 30 days. The new vans depreciation rate and residual value have not yet been determined.

Problem 1: Could you write the general journal?

Reference no: EM133000023

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