A company sold one of its delivery trucks for its salvage value of $7,000. The company had purchased the truck for $26,000 and had fully depreciated it to its salvage value at the time of sale. At the time of sale, the company recorded the transaction as Debit Cash $7.000: Credit Gain on asset disposal $7,000. If the books have not been closed for the period, which entry would correct this error and properly record the transaction?

• Debit Fixed assets $26,000: Credit Gain on asset disposal $7,000: Credit Accumulated depreciation $19,000
• Debt Cash $7 000; Credit Fixed assets $26 000
• Debit Fixed assets $26,000: Credit Cash $7,000
• Debit Gain on asset disposal $7,000: Debit Accumulated depreciation $19,000: Credit Fixed assets $26,000

A hospital accidentally invoiced a patient twice for the same treatment, which cost $800. The patient received two invoices and paid them both. The hospital recorded $1,600 of revenue and $1,600 of payments. If the books have not been closed for this period, which entry would correct the hospital's error?

• Debit Patient revenue $800; Credit Accounts payable $800
• Debit Patient refund expense $800; Credit Cash $800
• Debit Patient refund expense $800; Credit Patient revenue $800
• Debit Accounts payable $800; Credit Patient revenue $800