Business, 03.04.2020 01:08 trippsmom0671

Equipment in general governmental service that had been acquired several years ago by a special revenue 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 special revenue fund will include all of the following except:
A. A debit to Cash for $15,000.B. A debit to Accumulated Depreciation for $30,000.C. A credit to Equipment for $40,000.D. A credit to Other Financing Sources for $5,000.

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