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Required information [The following information applies to the questions displayed below] New...

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Accounting

Required information
[The following information applies to the questions displayed below]
New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $295,900. The ovens originally cost $394,500, had an estimated service life of 10 years, had an estimated residual value of $24,500, and were depreciated using straight-line depreciation. Complete the requirements below for New Deli.
4. Record the sale of the ovens at the end of the third year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Journal entry worksheet
1
Record the sale of equipment.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[1,,,],[,?,,],[,,,],[,,,],[,,,],[,,,]]
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