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Debit cash / bankCredit equipment
debit cost of salescredit cash / bank
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
debit accounts receivablecredit land account
Installment A/r(dr) Installment sales(cr)
Debit cash / bankCredit equipment
Debit accounts receivableCredit sales revenue
debit cost of salescredit cash / bank
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
debit accounts receivablecredit land account
Installment A/r(dr) Installment sales(cr)
debit equipment accountcredit cash / bank
Type your answer here... party a/c Dr. to sales
debit accounts receivablecredit sales revenue
Debit accounts receivable / cash / bankCredit sales revenue
A short sale will have a detrimental affect on your credit record but not as bad as a foreclosure.
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