A company owns equipment that cost $125,700 and has accumulated depreciation of $93,800 as of January 1 . Prepare the entry to record the disposal of this equipment on January 1 for each separate situation. a. Equipment is sold for $32,400 cash. b. Equipment is sold for $23,600 cash. Journal entry worksheet Record the sale of the equipment for $32,400 cash. Note: Enter debits before credits. A company owns equipment that cost $125,700 and has accumulated depreciation of $93,800 as of January 1. Prepare the entry to record the disposal of this equipment on January 1 for each separate situation. a. Equipment is sold for $32,400 cash. b. Equipment is sold for $23,600 cash. Journal entry worksheet Record the sale of the equipment for $23,600 cash. Note: Enter debits before credits