Equipment in general governmental service that had been acquired several years ago by a capital projects fund at a cost of $40,000 was sold for $15,000 cash.  Accumulated depreciation of $30,000 existed at the time of the sale. The journal entry to be made in the governmental activities journal will include all of the following except:     A debit to cash for $15,000.     A debit to accumulated depreciation of $30,000.     A credit to equipment for $40,000.     All of the entries above will be made.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Equipment in general governmental service that had been acquired several years ago by a capital projects fund at a cost of $40,000 was sold for $15,000 cash.  Accumulated depreciation of $30,000 existed at the time of the sale. The journal entry to be made in the governmental activities journal will include all of the following except:
   
A debit to cash for $15,000.
   
A debit to accumulated depreciation of $30,000.
   
A credit to equipment for $40,000.
   
All of the entries above will be made.
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