$4$

A company sold equipment that had originally cost $$650,000$ for $$320,000$ cash. The accumulated depreciation as of the date of the sale was $$300,000.$

Prepare a single journal entry to record the sale of the equipment.

Journal entry worksheet

A

Record the sale of the equipment.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$