notashley387 notashley387

25-01-2024
Business

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Choose the correct journal entry to record the sale of a machine (an asset no longer needed by the company, carried at its book value) for cash:
1) Debit Cash, Credit Accumulated Depreciation
2) Debit Cash, Credit Machinery
3) Debit Accumulated Depreciation, Credit Machinery
4) Debit Machinery, Credit Cash

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