The entry to record this transaction would include a credit to the Machinery account.
<h3>What is the entry of the journal sales record?</h3>
A journal entry is defined as the act of keeping or making records of any transactions either economic or non-economic. Transactions are usually listed in accounting journals in such a way that shows a company's debit and credit balances.
Now, the journal entry can consist of several recordings, each of which is either a debit or a credit. However, in this case the company discarded a machine at a cost which was fully depreciated and as such the entry into the journal of this transaction will be under the machinery account.
Variable is a letter next to a number whether it’s x or y it can be any letter really but main ones is x and y and data is something written down from an oberservartion whether it’s an experiment or table etc.
