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i dont understand Brief Exercise 7-15 (Algo) Record the sale of long-term assets (LO7-6) River Rock Creamery soid ice cream equipment for $11,200. River Rock

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Brief Exercise 7-15 (Algo) Record the sale of long-term assets (LO7-6) River Rock Creamery soid ice cream equipment for $11,200. River Rock originally purchased the equipment for $77,000, and depreciation through the date of sale totaled $64,000. 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 Note: Enter debits before credits

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