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Current Attempt in Progress Sarasota Manufacturing has old equipment that cost $53,000. The equipment has accumulated depreciation of $28,800. Sarasota has decided to sell
Current Attempt in Progress Sarasota Manufacturing has old equipment that cost $53,000. The equipment has accumulated depreciation of $28,800. Sarasota has decided to sell the equipment. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter or the amounts.) (a) What entry would Sarasota make to record the sale of the equipment for $36,000 cash? (b) What entry would Sarasota make to record the sale of the equipment for $15,000 cash? (a) Account Titles and Explanation Debit Credit SUPPORT
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