grouper Company has an old factory machine that cost $50,750. The machine has accumulated depreciation of $28,420. Grouper has decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) What entry would Grouper make to record the sale of the machine for $25,375 cash

Accumulated depreciation $28,420 (debit)

Cash $25,375 (debit)

Profit and Loss $3,045 (credit)

Cost $50,750 (credit)

Explanation:

For any sale of an Item of Property, Plant and Equipment, the sale must be  accounted as follows :

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.