Account HW: ABC Company gathered the following data for the year ended December 31, 2015, related to its equipment.

	Equipment	Accumulated Depreciation, Equipment
January 1, 2015, balance	$85,000	$40,000
Total debits to the account	55,000	53,000
Total credits to the account	48,000	51,000
December 31, 2015, balance	92,000	56,000

Based on the above data, prepare the journal entry to record the sale of equipment during the year for $11,500 cash.