%x S9-10 (similar to) Question Help O Pelman Company purchased equipment on January 1, 2018, for $33,000. Suppose Pelman Company sold the equipment for $14,000 on December 31, 2019. Accumulated Depreciation as of December 31, 2019, was $13,000. Journalize the sale of the equipment, assuming straight-line depreciation was used. First, calculate any gain or loss on the sale of the equipment. (Enter a loss with a minus sign or parentheses.) Market value of assets received $ 14,000 Less: Book value of asset disposed of Cost $ 33,000 Less: Accumulated Depreciation (13,000) 20,000 $ (6,000) Gain or (Loss) Now, journalize the sale of the equipment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 31 Accumulated DepreciationEquipment 14000 Loss on Disposal 13000 Equipment 6000 33,000 Sold equipment for cash. Choose from any list or enter any number in the input fields and then click Check Answer. ? All parts showing Clear All Check