Carey Enterprises sold equipment on January 1, 2021 for $10,000.The equipment had cost $48,000.The balance in Accumulated Depreciation at January 1 is $40,000.What entry would Carey make to record the sale of the equipment?

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The Answer of Carey Enterprises sold equipment on January 1, 2021 for $10,000.The equipment had cost $48,000.The balance in Accumulated Depreciation at January 1 is $40,000.What entry would Carey make to record the sale of the equipment?

Carey Enterprises Sold Equipment on January 1, 2021 for $10,000