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Tellado industries, a calendar-year company, purchased equipment on january 2nd, 2018, for $112,000. The equipment was intended to be used for seven years and is depreciated using the straight-line method with no expected salvage value. On july 1st, 2022, tellado sells the equipment for $43,000. Journalize the entry to record the sale.

Respuesta :

The sale of equipment is $43,000.

What are sales?

All of the company's credit-based sales are tracked in the sales diary. These sales are typically made up of inventory sales or sales of other goods. Keep in mind that the sales diary only records credit sales of inventory and product goods. Inventory cash sales are noted in the cash receipts journal. As an illustration, a business completes a $1,000 credit sale with a 5% sales tax. The cost of the sold goods is $650. Accounts receivable for $1,050 is the sales journal entry.

(journal entries are in the attached image)

To learn more about sales from the given link:

https://brainly.com/question/25586322

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