Prepare the journal entry. 5. Apple sold a building for $500 in cash and relief of...
Prepare the journal entry.
5. Apple sold a building for $500 in cash and relief of the mortgage on the property of $250. Apple purchased the building 5 years ago for $800 and it has taken $160 for depreciation.
Homework Answers
Journal entry
1. Cash a/c Dr $500
![es Journal Entriel $640 1. cash al DI $500 tonon sale of building all Ox $ 140 To building ale [Being building sold for 104]](http://img.homeworklib.com/questions/6f2935f0-4753-11ea-bbcb-2fdeba385572.png?x-oss-process=image/resize,w_560)
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Prepare the journal entry. 5. Apple sold a building for $500 in cash and relief of...
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