Apple Disney ESPN My Home Yahool Apple Bing Google Yahoo CengageNOWV2 Online teaching and learning resource fro... A fixed asset with a cost of $25,524 and Calculator Unstructions Chart of Accounts General Journal Instructions Computer equipment (office equipment) purchased 6 1/2 years ago for $170,000, with an estimated life of 8 years and a residual value of $10,000, is now sold for $60,000 cash. (Appropriate entries for depreciation had been made for the first six years of use.) Required: Journalize the following entries: a. Record the depreciation for the one-half year prior to the sale, using the straight-line method. b. Record the sale of the equipment. c. Assuming that the equipment had been sold for $25,000 cash, prepare the entry to record the sale." "Refer to the Chart of Accounts for exact wording of account titles Calculator General Journal Journalize the following entries on December 31: a Record the depreciation for the one-half year prior to the sale, using the straight-line method. b. Record the sale of the equipment c. Assuming that the equipment had been sold for $25,000 cash, prepare the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 5 6 10