Sale of Equipment Assume the equipment was sold on December 31, 201 It was sold for $15,000. Dcber 31, 2019 and had accumulated depreciation of $87,040, sol fo1,000 Presaod Prepare the journal entry to record the sale. Credit Debit Date Accounts Dec. 31, 2019 AMORTIZATION Roller Blades Inc. acquired for cash a patent for $80,000, 30 year life, and a remaining useful life of 16 years. Record the journal entry for the purchase of the patent on January 1, 2018 Date Accounts Debit Credit Jan. 1, 2018 Record the adjusting journal entry for amortization at December 31, 2018 DebitCredit Date Accounts Dec. 31, 2018