Journal entry to record the sale of the equipment

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Reference no: EM131219304

A piece of equipment with an original cost of $30,000 and a book value of $10,000 is sold for $11,000 cash. the journal entry to record the sale of the equipment would include a: a. credit to Equipment for $10,000 b. debit t Accumulated Depreciation for $20,000 c. credit to Gain on Sale of Equipment for $1,000. d. a and c above e. a and c above

Reference no: EM131219304

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