Problem: Panera Bread Company owns a bread-slicing machine, which initially cost $10,000. As of June 5, 2005, the balance in the accumulated depreciation account for the bread slicer was $8,000. The slicer was sold to the St. Louis Bread Company on June 6, 2005 for $1,500. The journal entry to record the sale of the bread slicer will include a: a. Debit to Accumulated Depreciation for $8,000 b. Debit to Accumulated Depreciation for $1,500 c. Credit to Accumulated Depreciation for $8,000 d. Credit to Accumulated Depreciation for $1,500

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Panera Bread Company owns a bread-slicing machine, which initially cost $10,000. As of June 5, 2005, the balance in the accumulated depreciation account for the bread slicer was $8,000. The slicer was sold to the St. Louis Bread Company on June 6, 2005 for $1,500. The journal entry to record the sale of the bread slicer will include a:

a. Debit to Accumulated Depreciation for $8,000

b. Debit to Accumulated Depreciation for $1,500

c. Credit to Accumulated Depreciation for $8,000

d. Credit to Accumulated Depreciation for $1,500

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