How do I Jurnalize:

Sold used shop equipment (metal lathe) for $320.00. The equipment was purchased at a total cost of $2,200.00 early in 2009. Using units of production depreciation, the accumulated depreciation account balance at the end of the first quarter (March 31) totals $1,830.00 Depreciation is recorded at the rate of $1.00 for each hour of operation. Through June 23 of this quarter, an additional 260 hours of operation have accumulated on the lathes meter. (1) Record the depreciation. Invoice Number: DEPRE (for depreciation). (2) Record the sale of the asset. Invoice Number: ASALE (for asset sale).