Question
Karley Company sold equipment on July 1, 2018 for $75,000. The equipment had cost $210,000 and had $120,000 of accumulated depreciation as of January 1,
Karley Company sold equipment on July 1, 2018 for $75,000. The equipment had cost $210,000 and had $120,000 of accumulated depreciation as of January 1, 2018. Depreciation for the first 6 months of 2018 was $12,000. Prepare the journal entry to record the sale of the equipment.
| Account Titles and Explanation | Debit | Credit |
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Signals and Systems using MATLAB
Authors: Luis Chaparro
2nd edition
123948126, 978-0123948120
