Start out with crediting the original purchase price. Credit improvements if you capitalized these.I'm going to show you a way to record the sale of a financed asset uh in QuickBook so you can record the gain rate record the cash you get. That's how you record the sale of a fixed asset in QuickBooks. When you sell an investment property, you need to create a journal entry to record the transaction. Client bought a business with a loan, and I'm not sure how to record the asset side of the JE to put the loan on the books. Journalize entries for sale of assets. Search our Job Opportunities at DISNEY.