Journalize the following transactions: (1) A piece of office equipment is purchased for ($ 850) cash. (2)

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Journalize the following transactions:

(1) A piece of office equipment is purchased for $\$ 850$ cash.

(2) Depreciation for 1 year of $\$ 85$ is recorded.

(3) The equipment is sold for $\$ 400$. At the time of the sale, the Accumulated Depreciation shows a balance of $\$ 425$. Depreciation of $\$ 85$ for the year of the sale has not yet been recorded.

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