Knowledge Check

Dash Lawn has an old riding mower that cost $$8,200$ and has accumulated depreciation of $$5,000.$ The company retires the mower.

Prepare the journal entry to record the retirement of the mower. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$$

$$

$$

$$

$($To record retirement of the mower$)$