Question: Required: What would this journal entry be? Receipt 1894 X Holden Corp. 10321 Falton Avenue Toronto, Ontario M5Q 8H9 Date: December 3, 2024 Receipt No.:
Required:
What would this journal entry be?
Receipt 1894
X
| Holden Corp. 10321 Falton Avenue Toronto, Ontario M5Q 8H9 |
| |||||
Customer: |
|
| Qty | Description | Unit Price | Total |
|---|---|---|---|
| 1 | Store equipment (see 'Note' below) NOTE: All of the store equipment owned by Holden Corp. was sold to Northstar Corp. | $21,800 | $21,800 |
| Total: | $21,800 | ||
| Paid: | $21,800 | ||
| Balance Due: | $0 |
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The journal entry for the above transaction would be Debit Cash 21800 Credit Store Equipmen... View full answer
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