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On September 30, 2021, Sternberg Company sold office equipment for $12,000. The equipment was purchased on March 31, 2018, for $24,000. The asset was being

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On September 30, 2021, Sternberg Company sold office equipment for $12,000. The equipment was purchased on March 31, 2018, for $24,000. The asset was being depreciated over a five-year life using the straight-line method, with depreciation based on months in service. No residual value was anticipated Required: Prepare the journal entries to record 2021 depreciation and the sale of the equipment (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the depreciation for office equipment purchased on March 31, 2018 for $24,000 having no residual value sold on September 30, 2021, depreciated over a five-year life using the straight-line method, with depreciation based on months in service. Note: Enter debits before credits. General Journal Debit Credit Event 1 Record entry Clear entry View general Journal

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