Land held for sale has a fair value that is $191,300 less than the carrying value. Record the loss. Date Accounts and Explanation Nov. 3 Land Held for Sale Cash Debit 191,300 Credit 191,300 Accounts Payable Accounts Receivable Accumuated Depreciation - Equipment Advertising Expense Bonds Payable Building Cash Common Stock Construction in Progress Depreciation Expense - Equipment Dividends Equipment Furniture Impair. Loss on Equipment Interest Expense Inventory Inventory on Consignment Land Land Held for Sale Loss on Land Held for Sale Notes Payable Notes Receivable Office Furniture Office Supplies Prepaid Insurance Prepaid Rent Rent Expense Repairs and Maintenance Expense Salaries Expense Sales Commission Expense Sales Revenue Service Revenue Truck Unearned Revenue Unearned Warranty Revenue Utilities Expense Utilities Payable Warrenty Revenue