Chapter 9 Quiz Berman Company sold equipment on July 31, 2022 for $60,000. The equipment had cost $125,000 and had $70,000 of accumulated depreciation as of January 1, 2022 Depreciation for the first 7 months of 2022 was $8,000. Instructions: Prepare ALL journal entries required to record the sale of the equipment. JOURNAL Post Ref. Debit Date Description Credit