Tequila Mockingbird, a liquor store, purchased a new point$-$of$-$sale system to improve efficiency in ringing up customers. The point$-$of$-$sale system cost $$16,800,$ has an estimated useful life of $4$ years or $9,700$ customers served, and an estimated residual $($salvage$)$ value of $$1,280.$ The point$-$of$-$sale system served $3,880$ customers in year $1,2,910$ customers in year $2,1,940$ customers in year $3,$ and $970$ customers in year $4.$

Suppose that Tequila Mockingbird sold the point$-$of$-$sale system at the end of the fourth year for $$1,280$ cash $($after it was fully depreciated$).$ Record the journal entry for the sale:

Journal entry worksheet

$1$

Tequila Mockingbird sold the point$-$of$-$sale system at the end of the fourth year for $$1,000$ cash $($after it was fully depreciated$).$

Note: Enter debits before credits.

$\backslash$table$[[,$A$,$B$,$C$,$D$],[,$Date,Account Title,Debit,Credit$],[1,$December $31$st$,,,],[2,,,,],[3,,,,]]$