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New Deli is in the process of closing its operations. It sold its threeyearold ovens to Sicily Pizza for $ The ovens originally cost $ had an estimated service life of years, had an estimated residual value of $ and were depreciated using straightline depreciation. Complete the requirements below for New Deli.
Record the sale of the ovens at the end of the third year. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
Record the sale of equipment.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Credit
