Follow the format provided and prepare journal entries for all 3 scenarios ilnit
ID: 2450668 • Letter: F
Question
Follow the format provided and prepare journal entries for all 3 scenarios ilnitakeAssignment/2-2c Favorites Tools Help ooglea Play Free Games Save 50% at Dell Perks Suggested Sites aWebSlice Gallery eBook Exercise 8-25 Disposal Ellis Industries sells a building that has an original cost of $200,000 and an accumulated depreciation balanc Required Hide a. Prepare the journal entry to record the sale assuming the sales price was $100,000. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0. Building Accumulated Depreciation Cash Hide b. Prepare the journal entry te record the sale assuming the sales price was s95,00o. For a compound transaction, if an amount box does not require an entrý, leave it blank or enter o.Explanation / Answer
a Cash a/c Dr 100000 To Building a/c 100000 b Cash a/c Dr 95000 P/L a/c Dr 5000 To Building a/c 100000 c Cash a/c Dr 108000 To Building a/c 100000 To P/L a/c 8000