Karley Company sold equipment on July 1, 2021 for $75,000

32.The journal entry to record the payroll for Fox-Gardiner Company
May 5, 2020
On March 1, 2021, Landon Company acquired real estate
May 5, 2020

Karley Company sold equipment on July 1, 2021 for $75,000. The equipment

had cost $210,000 and had $120,000 of accumulated depreciation as of January 1, 2021. Depreciation for the first 6 months of 2021 was $12,000.

Prepare the journal entry to record the sale of the equipment.

 
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