Prepare the journal entries to record the following transactions for Novak Inc., which has a calendar year end and uses straight$-$line

depreciation.

$($a$)$

On June $30,2024,$ the company sold office equipment for $$23,500.$ The office equipment originally cost $$32,500$ and had

accumulated depreciation to the date of disposal of $$14,500.($If no entry is required, select $"$No entry" for the account titles and enter $0$

for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries

before credit entries.$)$