Which of the Following Could Be a Correct Journal Entry $\quad$

question 2

Multiple Choice

Which of the following could be a correct journal entry to record the disposition of equipment?
A. Dr. Accounts payable
$\quad$ $\quad$ Cr. Accumulated depreciation
$\quad$ $\quad$ Cr. Depreciation

B. Dr. Cash
Dr. Loss on sale of equipment
Dr. Accumulated depreciation
$\quad$ Cr. Equipment

C. Dr. Gain on sale of equipment
Dr. Accumulated depreciation
$\quad$ Cr. Equipment

D. Dr. Cash
Dr. Loss on sale of equipment
$\quad$ Cr. Accumulated depreciation
$\quad$ Cr. Equipment

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Definitions:

Syndicate

A syndicate is a temporary alliance of businesses or financial institutions formed to undertake a specific project or transaction, often seen in investment banking, underwriting, or in creating joint ventures.

Commercial Letter

A letter used in business transactions that deals with specific aspects of commercial operations.

Foreign Bond

A bond issued in a country by a foreign entity, denominated in the currency of the country where it is issued.

Multinational Technology

Advanced technological systems and solutions that are developed, deployed, and used across multiple countries by international businesses.