Journal entry worksheet Record the sale of the equipment for $22,000 cash. Note: Enter debits before credits. Journal entry worksheet Record the sale of the equipment for $15,000 cash. Note: Enter debits before credits. A company owns equipment that cost $72,000 and has accumulated depreciation of $50,400 as of January 1. Prepare the entry to record the disposal of this equipment on January 1 for each separate situation. a. Equipment is sold for $22,000 cash. b. Equipment is sold for $15,000 cash