the debits on there are wrong.

Knowledge Check 01 On December 29, Patten Products Inc. sells equipment that cost $20,000. After recording the entry to bring the accumulated depreciation up-to-date through the date of the sale, the equipment had accumulated depreciation of $18,000. Patten received $1,500 cash from the company that purchased the equipment. Complete the necessary journal entry. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list View journal entry worksheet No Debit Credit Date December 29 2.000 General Journal Cash Accumulated depreciation Loss on sale of assets Equipment 2,000