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5 On September 30, 2024, Sternberg Company sold office equipment for $12,000. The equipment was purchased on March 31, 2021, for $24,000. The asset
5 On September 30, 2024, Sternberg Company sold office equipment for $12,000. The equipment was purchased on March 31, 2021, for $24,000. The asset was being depreciated over a five-year life using the straight-line method, with depreciation based on months in service. No residual value was anticipated. Required: Prepare the journal entries to record 2024 depreciation and the sale of the equipment. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 2 Record the depreciation expense for 2024. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal
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