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[The following information applies to the questions displayed below) As part of a major renovation at the beginning of the year, Atlase Pharmaceuticals, Incorporated, sold

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[The following information applies to the questions displayed below) As part of a major renovation at the beginning of the year, Atlase Pharmaceuticals, Incorporated, sold shelving units (recorded as Equipment) that were 10 years old for $830 cash. The shelves originally cost $6,520 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $420, 2. Prepare the journal entry to record the sale of the shelving units. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round Intermediate calculations.) Journal entry worksheet A Record the sale of the shelving units for $830. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal

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