File Home Insert Draw Page Layout Formulas Data Review View Help QuickBooks PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Ch 9HW (no answers), 1-5-2022 (Prot Tell me what you want to de Enable Editing 15 X < fx A BE9-10: Antone equipment sale B E F G H TIP do the supporting calculations at the end of this problem before you do entry (b) (a) Journal entries to record depreciatoin for the first 7 months of 2022: Depreciation expense Accumulated depreciation. DR CR 5 5 7 B 9 0 1 (b) Journal to record sale of equipment 2. 3 4 5 6 8 DR CR Cash Accumulated depreciation Loss on sale Equipment Supporting calculations for loss on sale: Original cost Less: Accum. Depr. on January 1, 2022 Less: Depreciation in 2022 (entry a) Net book value as of July 31 Sales proceeds Less: Net book value at July 31 Gain/(loss) Be sure to add the depreciation from (a) See calculation below 72,000 Your debit entries should total $72K!! Use positive values Use positive values Note that if this shows a negative for a loss, that will show up as a debit in the journal above 9 0 3 BE9-1 and 9-2 BE9-4 and 9-7 BE9-10 E9-469-5