The following information is from Ellerby Company's comparative balance sheets

St December 3

Current Year $ 133,500

(89,200)

Prior Year Similated Depreciation-furniture

$186,500 (111,200)

The climent year income statement reports depreciation expense on furniture of $18,500. During the year, furniture costing $53,000 was sold for its book value on December 31, Current Year Complete the general ledger accounts to calculate cash received from the sale of furniture

QS 12-8 (Algo) Computing cash from asset sales LO P3 The following information is from Ellerby Company's comparative balance sheets. The current year income statement reports depreciation expense on furniture of $18,500. During the year, furniture costing $53,000 was sold for its book value on December 31, Current Year. Complete the general ledger accounts to calculate cash received from the sale of furniture