HW9#16a: Sale of Plant Assets Prepare the Journal Entry for each scenario. (11 points for 16 a and b Balance Sheet Presentation (Equipment- Sold) FEDEX. Delivery Equipment: $50,000 Less: Accumulated Depreciation: ($24.000) Net Equipment - Book Value $26 000 Instructions: Equipment was sold for $37,000; what is the Journal Entry? Debit Debit Credit Credit Instructions: Equipment was sold for $20,000; what is the Journal Entry? Debit Debit Debit Credit