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4- HP Company has equipment that was purchased for (historical cost) $52,000 and the salvage value is $10,000 and the accumulated depreciation today is $32,000

4- HP Company has equipment that was purchased for (historical cost) $52,000 and the salvage value is $10,000 and the accumulated depreciation today is $32,000

Prepare journal entries to record the following cases.

a- HP sells equipment for $18,000 cash.

b- HP sells equipment for $31,000 on credit.

c- HP retires its equipment) It was dumped in the garbage (

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