c. Assuming that the equipment was sold on January 4, 2010, for $525,000, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Account Debit Credit Cash Accumulated depre. Loss on disposal fixed assets Equipment d. Assuming that the equipment had been sold on January 4, 2010, for $560,000 instead of $525,000, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Account Debit Credit CAsh Acc. depreciation-Equipment Equipment Gain on sale of equipment