Which of the Following Journal Entries Is Correct When a Company

question 2

Multiple Choice

Which of the following journal entries is correct when a company owns its office building for many years and now sells the building? A. Cash Accumulated depreciation
$\quad$ Loss on sale
$\quad$ Building
B. Cash
$\quad$ Building
$\quad$ Gain on sale
$\quad$ Accumulated depreciation
C. Cash
$\quad$ Accumulated depreciation
$\quad$ Loss on sale
$\quad$ Building
D. Cash
$\quad$ Gain on sale
$\quad$ Building

• A) Option A
• B) Option B
• C)Option C
• D)Option D

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Definitions:

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Prisoners Aged

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