Shamrock Ltd$.$ owned several manufacturing facilities. On September $15$ of the current year, Shamrock decided to sell one of its manufacturing buildings. The building had cost $$9,485,000$ when originally purchased $8$ years ago and had been depreciated using the straight$-$line method with no residual value. Shamrock estimated that the building had a $35-$year life when purchased.

$($a$)$

Prepare the journal entry to record the sale of the building on Shamrock's books, assuming $8$ years of depreciation has already been recorded in the accounts to the date of disposal. The building was sold for $$7,557,000$ cash. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Debit

Credit

Sept. $15$

$$

$$

$$