Culver Enterprises reported the following information regarding the companys property, plant, and equipment in the footnotes to the companys 2017 financial statements Equipment $351,000 Less Accumulated depreciation 210,600 140,400 Assume that Culver Enterprises sells all of its equipment for $168,400 in cash on January 1, 2018 Prepare the entry to record the sale Account Titles and Explanation Debit Credit

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Culver Enterprises reported the following information regarding the companys property, plant, and equipment in the footnotes to the companys 2017 financial statements: Equipment $351,000 Less:

Culver Enterprises reported the following information regarding the companys property, plant, and equipment in the footnotes to the companys 2017 financial statements:

Equipment		$351,000
Less: Accumulated depreciation		210,600		140,400

Assume that Culver Enterprises sells all of its equipment for $168,400 in cash on January 1, 2018. Prepare the entry to record the sale.

Account Titles and Explanation	Debit	Credit

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