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Sowthoveer Company sold some office furniture for $4,500 cash. The furniture cost $24,000 and had ...

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Sowthoveer Company sold some office furniture for $4,500 cash. The furniture cost $24,000 and had ...

Sowthoveer Company sold some office furniture for $4,500 cash. The furniture cost $24,000 and had accumulated depreciation through the date of sale totaling $21,700. The journal entry to record the sale of the furniture will include a:
A) credit to Office Furniture for $2,300
B) debit to Gain on Sale of Furniture for $2,200
C) credit to Gain on Sale of Furniture for $2,200
D) credit to Accumulated Depreciation for $21,700

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

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