1. Assume that Sabel sold the equipment at the end of the fifth year for $39,300. Record the general journal entry for the sale.

Sabel Company purchased assembly equipment for $851,000 on January 1, Year 1. Sabel's financial condition immediately prior to the purchase is shown in Required B. The equipment is expected to have a useful life of 370,000 machine hours and a salvage value of $37,000. Actual machine-hour use was as follows. Year 1 Year 2 Year 3 Year 4 Year 5 93,000 108,000 59,000 73,000 47,000 Required A Required B Required Assume that Sabel sold the equipment at the end of the fifth year for $39,300. Record the general journal entry for the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry for sale of equipment at the end of fifth year. Note: Enter debits before credits. Event Debit Credit 1 General Journal Cash Accumulated depreciation Equipment Record entry Clear entry View general journal