On September 30, 2024, Milhouse Company sold office equipment for $16,000. The equipment was purchased on March 31, 2021, for $42,000. The asset was being depreciated over a five-year life using the straight-line method, with depreciation based on months in service. No residual value was anticipated.
Required: Prepare the journal entries to record 2024 depreciation and the sale of the equipment.
DATE	ACCOUNTS	Debit	Credit