Which of the Following Items Is Included in the Journal

question 88

Multiple Choice

Which of the following items is included in the journal entry if a company sells equipment at a price equal to its book value?

• A) A debit to Loss on sale of equipment
• B) A credit to Equipment for its original cost
• C) A credit to Accumulated depreciation
• D) A debit to Equipment for its book value

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Definitions:

Carbohydrate

Organic compounds consisting of carbon, hydrogen, and oxygen, serving as a major source of energy in diets.

Lipid

A group of naturally occurring molecules that includes fats, waxes, sterols, fat-soluble vitamins (such as vitamins A, D, E, and K), monoglycerides, diglycerides, triglycerides, phospholipids, and others.

Nucleic Acid

A complex organic substance present in living cells, especially DNA or RNA, whose molecules consist of many nucleotides linked in a long chain, fundamental for the transmission of genetic information.

Protein

Large molecules composed of one or more long chains of amino acids, essential for the structure, function, and regulation of the body's cells, tissues, and organs.