Kolonas,Inc.,sold equipment for $5,000 cash.The equipment cost $74,300 and had accumulated depreciation through the date of sale of $70,000.At the date of sale,the journal entry to record the sale will have:

Question

Quizplus · Accepted Answer

The Answer of Kolonas,Inc.,sold equipment for $5,000 cash.The equipment cost $74,300 and had accumulated depreciation through the date of sale of $70,000.At the date of sale,the journal entry to record the sale will have: