Thursday, December 15, 2011

Which ONE of the following is part of the journal entry when recording the sale of a building for cash?

Which ONE of the following is part of the journal entry when recording the sale of a building for cash?





A. Debit to Building


B. Debit to Accumulated Depreciation


C. Debit to Gain


D. Debit to Cost of Goods Sold |||Like the other guy said





Debit Cash


debit to accumulated depreciation


credit cash





Your answer is B then|||If u sell





Debit to Cash


Debit to accumulated Dep


Credit to Building





balance goes to gain or loss

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