Which of the Following Could Be a Correct Journal Entry

question 23

Multiple Choice

Which of the following could be a correct journal entry to record the disposition of equipment?

• A) \[\begin{array} { | l | l | }
• \hline \text { Dr. } & \text { Accounts payable } \\
• \hline \mathrm { Cr } . & \text { Accumulated depreciation } \\
• \hline \mathrm { Cr } & \text { Depreciation expense } \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | l | }
• \hline \text { Dr. } & \text { Cash } \\
• \hline \text { Dr. } & \text { Loss on sale of equipment } \\
• \hline \text { Dr. } & \text { Accurnulated depreciation } \\
• \hline \text { Cr. } & \text { Equipment } \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | l | }
• \hline \text { Dr. } & \text { Gain on sale of equipment } \\
• \hline \text { Dr. } & \text { Accumulated depreciation } \\
• \hline \text { Cr. } & \text { Equipment } \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | l | }
• \hline \text { Dr. } & \text { Cash } \\
• \hline \text { Dr. } & \text { Loss on sale of equipment } \\
• \hline \mathrm { Cr } . & \text { Accumulated depreciation } \\
• \hline \mathrm { Cr } & \text { Equipment } \\
• \hline
• \end{array}\]

Differentiate between primary and secondary obligations in contractual agreements.

Grasp the legal consequences of contracts involving illegal activities or purposes.

Understand the specific requirements for a contract's enforceability in relation to land transactions.

Comprehend the legal principles regarding the capacity to enter into contractual agreements.

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Definitions:

Married Adults

Individuals who are legally joined in marriage, forming a recognized partnership or union.

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A major city in the state of Michigan, USA, known for its significant contributions to the automotive industry and as a key player in American music history.

Absent Grief

When mourners do not grieve, either because other people do not allow expressions of grief or because the mourners do not allow themselves to feel sadness.

Reality Of Death

The understanding and acceptance of death as a natural part of life.