Brief Exercise 7.15 (Algo) Record the sale of long-term assets (LO7-6) Hot Stone Creamery sold ice cream equipment for $16,400. Hot Stone originally purchased the equipment for $91,000, and depreciation through the date of sale totaled $71,500. Record the gain or loss on the sale of the equipment (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet