What entry would miley make to record the sale
Miley Enterprises sold equipment on January 1,2013 for $12,000. The equipment had cost $58,000. The balance in Accumulated Depreciation at January 1 is $50,000. What entry would Miley make to record the sale of the equipment?
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Oct. 1 Mostafa invested $ 50,000 cash in the business. 4 Purchased equipment costing $20,000 for cash. ;8 Incurred advertising expense of $2,800 on account.
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