On January 1, 2016, Horton Inc. sells a machine for $22,100. The machine was originally purchased on January 1, 2014 for $45,000. The machine was estimated to have a useful life of 5 years and no residual value. Horton uses straight-line depreciation. a. Prepare the journal entry to record the sale. (If no entry is required for a transaction/event, select No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entry for sale of equipment. Note: Enter debits before credits. ransaction General Journal Debit Credit Record entry Clear entry View general journal Type here to search