Laguna's Corporation sold for $10,000 plant assets that cost $20,000 and that had an accumulated depreciation of $4,000 . The journal entry to record the transaction is:
a. Cash 10,000
Plant Assets 10,000
b. Plant Assets 16,000
Cash 16,000
c. Cash 10,000
Accumulated Depreciation 4,000
Loss on Sale of Plant Assets 6,000
Plant Assets 20,000
d. Cash 10,000
Loss on Sale of Plant Assets 6,000
Plant Assets 16,000
C
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