Need help with this journal entry Sold an electric truck-lift to Leila Stierman Co. for $2,500 cash. The original cost was $7,900 with salvage value of $900, a life of 10 years, and accumulated depreciation recorded through 12/31/09 of $4,550. The straight-line method is used. (Note: the company follows the practice of recording a half years depreciation in the year of acquisition and a helf year in the year of disposal). First, bring the depreciation expense up to date in the general journal. Then journalize the entire entry for the sale in the cash receipts journal