New transfer from fixed asset account to bank account, the amount is equal to your sale price. 2. The journal entry to dispose of fixed assets affects several balance sheet accounts and one income statement account for the gain or loss from disposal.The Personal Property Unit is responsible for the discovery and assessment of all taxable business property, boats, commercial and private aircraft. What are the correct journal entries for the sale of a business per the closing statement and associated closing entries for capital assets? Log onto the website and enter your account number and BIN. Click the Start Filing button and you can then File Amendment. Orders and direction, San Bernardino County implemented the COVID Compliant Business Partnership. Program.