Make the required journal entry to record the sale assuming that

Kenco received $15,500$ in cash for the old mixer.

Reeseco inc is specialty chemical compounding company. The company has $4$

high precision compounding mixers and one manual mixer. The manual mixer

was purchased six years ago for $$52,000.$ It was being depreciated over eight

years using straight$-$line depreciation without taking salvage value into

consideration. Reesece inc has decided to sell the old mixer to another firm.

Assume that depreciation is up to date.

a$.$ Make the required journal entry to record the sale assuming that

Kenco received $15,500$ in cash for the old mixer.

b$.$ Make the required journal entry to record the sale assuming that

Kenco received $10,000$ in cash for the old system.Make the required journal entry to record the sale assuming that

Kenco received $10,000$ in cash for the old system.