What is the journal entry for machinery sold?

if a business produces and sells machinery, then machinery sold is income.

The working machinery a business possesses which is used in producing a product are assets.

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General Journal Entries

Manufacturer /Dealer:

Dr Bank/ Accounts Recievable X

Dr Cost of Sales Y

Cr Sales X

Cr Inventory Y

Normal:

Dr Bank/ Accounts Recieveable

Dr Accumulated Depreciation on Machinery

Cr PPE: Machinery

Cr Profit on Sale of Machinery

or

Dr Loss on Sale of Machinery