Time recommendation: 7 minutes On 1st May 2023, Arbo dt _s to sell its old commercial cleaning equipment as it has been sitting in storage and not been utilised since taking delivery of the new cleaning equipment. The old cleaning equipment had originally been recorded at a cost of $25,000, had an estimated residual value of $2,500, is depreciated using the straight line method on the basis of a useful life of 6 years, and had a carrying value of $13,125 as at 31 December 2022. Arbo sold the equipment for $15,000 in cash. Required: Journalise the sale of the old cleaning equipment on 1st May 2023. (3 marks) nstructions: Record the journal by selecting the correct accounts and mounts that are debited and credited in the general journal below