As part of a major renovation at the beginning of the year, Bonhams Bakery sold shelving units (store fixtures) that were 17 years old for $2,400 cash. The original cost of the shelves was $7,100 and they had been depreciated on a straight-line basis over an estimated useful life of 19 years with an estimated residual value of $1,400.

Record the sale of the shelving units.

Journal entry worksheet Note: Enter debits before credits