What entry would riverbed make to record the sale of machine, Accounting Basics

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What entry would riverbed make to record the sale of machine

Problem: Riverbed Company has an old factory machine that cost $54,000. The machine has accumulated depreciation of $30,240. Riverbed has decided to sell the machine.

Q1. What entry would Riverbed make to record the sale of the machine for $27,240 cash?

Q2. What entry would Riverbed make to record the sale of the machine for $17,240 cash?

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Accounting Basics: What entry would riverbed make to record the sale of machine

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