WebbTo record the gain on the sale, credit (because it’s revenue) Gain on Sale of Asset $2,800. This represents the difference between the accounting value of the asset sold and the cash received for that asset. $20,000 received for an asset valued at $17,200. Journal entry showing how to record a gain or loss on sale of an asset. Webb8 juni 2024 · A vendor on Amazon was discovered selling a pack of blank COVID-19 vaccination cards this week. The post has since been removed, but photos reshared online showed a 10-pack of blank cards going for...
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What is the Journal Entry to Record the Sale or Disposal of an …
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