A company purchased a back hoe at a cost of $$39,000$ and sold it two years later for $$25,700.$ Depreciation was recorded using the

straight$-$line method, a five$-$year service life, and an $$9,000$ residual value.

What was the gain or loss on the sale?

Record the sale.

Complete this question by entering your answers in the tabs below.

Record the sale. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

Note: Enter debits before credits.