Question

received 1000from sales of old newspaper journal entry

Answer 1

When an asset is sold for lesser than the book value for cash, it is considered as the sale at loss. The loss should be debited to P&L account. So in this case, the journal entry is:

Cash a/c Dr. 2000

P&L a/c Dr. 500

To furniture a/c 2500

Answer 2

cash a/c           Dr.
   To old newspaper a/c
(being old newspaper sold for cash)