Current Attempt in Progress

Teal Mountain Enterprises sold equipment on January $1,2020$ for $$12,000.$ The equipment had cost $$49,500.$ The balance in Accumulated Depreciation at January $1$ is $$39,000.$

What entry would Teal Mountain make 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.$)$

Account Titles and Explanation

Debit

Credit