es Brief Exercise 7-15 (Algo) Record the sale of long-term assets (LO7-6) Pond Scum Creamery sold ice cream equipment for $14,000. Pond Scum originally purchased the equipment for $85,000, and depreciation through the date of sale totaled $68,500. Record the gain or loss on the sale of the equipment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the sale of the equipment. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal

Brief Exercise 7-15 (Algo) Record the sale of long-term assets (LO7-6) Pond Scum Creamery sold ice cream equipment for $14,000. Pond Scum originally purchased the equipment for $85,000, and depreciation through the date of sale totaled $68,500. Record the gain or loss on the sale of the equipment, (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet