Piper's Pizza sold baking equipment for $$25,300.$ The equipment was originally purchased for $$72,300,$ and depreciation through the date of sale totaled $$51,300.$

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.$)$

Journal entry worksheet

$1$

Record the sale of the equipment.

Note: Enter debits before credits.

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