Adams Enterprises sold equipment on January 1 for $22,500 cash. The equipment had an original cost of $70,000. The balance in Accumulated Depreciation on that day is $52,500. What entry would Adams make to record the sale of the equipment? Date Account Name Debit Credit Adams Enterprises sold equipment on January 1 for $16,000 cash. The equipment had an original cost of $71,000. The balance in Accumulated Depreciation on that day is $53,000. What entry would Adams make to record the sale of the equipment? Date Account Name Debit Credit