nces Brief Exercise 7-15 (Algo) Record the sale of long-term assets (LO7-6) Pond Scum Creamery sold ice cream equipment for $18,000. Pond Scum originally purchased the equipment for $95,000, and depreciation through the date of sale totaled $73,500. 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.) View transaction list Journal entry worksheet Record the sale of the equipment. Note: Enter debits before credits. Transaction General Journal Dobit Credit 1 Cash 18,000 Accumulated Depreciation Record entry Clear entry View general journal