62100/quizzes/1947ake Search atam.com Seanh-Deante Question 8 Panon VUE Cat Innor Sding Doo 10 pts Hayward Company sold equipment on May 1, 2030 for $69,000. The equipment had cost $150,000 and had $75,000 of accumulated depreciation as of January 1, 2030. Depreciation for the first 4 months of 2030 was $10,000. (Hint: If not book value of an asset is greater than the sales price, then, it will be loss. If the sales price is greater than the net book value of an asset, then, it will be gain. Also, keep in mind that accumulated depreciation is how much depreciation there has been In this problem, you need to make sure to include all depreciation amounts up to sales date) Prepare the journal entry to record the sale of the equipment Account Titles and General Journals Debit ($) Explanation Select 69,000 Accumulated Depreciation Sele Select To record sale of equipment 9 Credit ($) Lije 150.000 8 6 E R T Y D G H J K