Without knowing how much depreciation was taken on the vehicle up until the date of sale, the entry cannot be made. Do you know how much depreciation was taken up to the date of sale? You will need to fill in the blanks, but the journal entry will look like this:
Debit
Credit
Loan Payable (to close)
20,582.39
Accumulated Depreciation (up to date of sale)
XXX
Fixed Asset (to close)
30,801.24
Cash
6,807.62
Gain/Loss on sale - to balance entry (debit if loss, credit if gain)
XXX
XXX
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