Current Attempt in Progress

Cheyenne Company sold equipment on July $1,2021$ for $$83,500.$ The equipment had cost $$240,000$ and had $$135,000$ of accumulated depreciation as of January $1,2021.$ Depreciation for the first $6$ months of $2021$ was $$13,500.$

Prepare the journal entry to record the sale of the equipment. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$