On April 1, 2014, Michal Company sold equipment for $11,400 cash. The equipment had originally been purchased at a cost of $24,000 on January 1, 2010. The equipment was expected to a useful life of 8 years with no residual value. As of January 1, 2014, had accumulated depreciation of $12,000. The entry to record the sale of the equipment was:

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The Answer of On April 1, 2014, Michal Company sold equipment for $11,400 cash. The equipment had originally been purchased at a cost of $24,000 on January 1, 2010. The equipment was expected to a useful life of 8 years with no residual value. As of January 1, 2014, had accumulated depreciation of $12,000. The entry to record the sale of the equipment was:

On April 1, 2014, Michal Company Sold Equipment for $11,400