Problem $7-8$B $($Algo$)$ Record the disposal of equipment $($LO$7-6)$

$[$The following information applies to the questions displayed below.$]$

New Deli is in the process of closing its operations. It sold its three$-$year$-$old ovens to Sicily Pizza for $$287,700.$ The ovens originally cost $$383,500,$ had an estimated service life of $10$ years, had an estimated residual value of $$23,500,$ and were depreciated using straight$-$line depreciation. Complete the requirements below for New Deli.

Problem $7-8$B $($Algo$)$ Part $4$

$4.$ Record the sale of the ovens at the end of the third year. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

Record the sale of equipment.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,$R$],[,,,]]$