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a company sold an equipment for $8600, but the actual book
value of the machine was $8000, pass journal entry

Answers were Sorted based on User's Feedback



a company sold an equipment for $8600, but the actual book value of the machine was $8000, pass jou..

Answer / balvinder kumar

bank A/c Dr 8600
To Asset A/c Cr 8000
To Profit on sale of Asset A/c Cr 600

Is This Answer Correct ?    12 Yes 0 No

a company sold an equipment for $8600, but the actual book value of the machine was $8000, pass jou..

Answer / rocky

cash dr 8600
to equipment 8000
to profit on sale of equipment 600

Is This Answer Correct ?    5 Yes 0 No

a company sold an equipment for $8600, but the actual book value of the machine was $8000, pass jou..

Answer / saloni

Cash a/c dr. 8600

To machinery a/c 8000
To profit on sale of machinery600

Is This Answer Correct ?    0 Yes 0 No

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