June Company Ltd. recently sold some used furniture for $3,800 cash. The furniture cost $19,600 and had accumulated amortization through the date of sale totalling $17,300. The journal entry to record the sale of the furniture is:

A)

Cash	3,800
Accum. Amort.-Furniture	17,300
Furniture		19,600
Gain on Sale of Furniture		1,500

 

B)

Cash	3,800
Furniture		3,800

 

C)

Cash	3,800
Gain on Sale of Furniture		3,800

 

D)

Cash	3,800
Accum. Amort.-Furniture	15,800
Furniture		19,600

Answer rating: 100% (QA)

Answer A Cash 3800 ... View the full answer