Which of the Following Is the Correct Journal Entry for the Sale

question 106

Multiple Choice

Which of the following is the correct journal entry for the sale of a machine for $10,000 that had originally cost $25,000 and had $12,000 of accumulated depreciation on the date of sale?
A. Dr. Cash $\quad 10,000$
$\quad$ Dr. Accumulated depreciation $\quad 12,000$
$\quad$ Cr. Machine $\quad 22,000$
B. Dr. Cash $\quad 10,000$
$\quad$ Dr. Accumulated depreciation $\quad 12,000$
$\quad$ Dr. Loss on sale $\quad 3,000$
$\quad$$\quad$ Cr. Machine $\quad 25,000$
C. Dr. Cash $\quad 10,000$
$\quad$ Dr. Accumulated depreciation $\quad 12,000$
$\quad$ Dr. Gain on sale $\quad 3,000$
$\quad$$\quad$ Cr. Machine $\quad 25,000$
D. Dr. Cash $\quad 10,000$
$\quad$ Dr. Loss on sale $\quad 15,000$
$\quad$$\quad$ Cr. Machine $\quad 25,000$

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

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Definitions:

Intraorganizational Bargaining

The negotiating process within an organization aimed at resolving differences or aligning strategies between various stakeholders, such as management teams, departments, or divisions.

Constituency

The body of voters or supporters in a specified area who elect or back a representative, or the clients or customers served by an organization or institution.

Attitudinal Structuring

Activities and strategies used in negotiations focusing on managing relationships, trust, and perceptions among parties to achieve mutually beneficial outcomes.

Affinity Method

A technique used in project management and brainstorming that organizes a large amount of data into groups based on their natural relationships.