A company sells equipment with a cost of $18800 and a net book value of $8000 fo
ID: 2466764 • Letter: A
Question
A company sells equipment with a cost of $18800 and a net book value of $8000 for $7800. The entry to record the sale would include a __________ to the cash account for $______? (Put your answer in the following format: 'debit of $1300' or 'credit of $12000'.)A company sells equipment with a cost of $18800 and a net book value of $8000 for $7800. The entry to record the sale would include a __________ to the cash account for $______? (Put your answer in the following format: 'debit of $1300' or 'credit of $12000'.)
Explanation / Answer
Answer: The entry to record the sale would include a debit to the cash account for $7800.