#4 make answer easy to read and that they arent cut off

QS 16-8 Computing cash from asset sales LO P3 The following information is from Ellerby Company's comparative balance sheets. At December 31 Prior Year Furniture $148,500 $ 206,500 Accumulated depreciation-Furniture (94,200) (116, 200) Current Year The current year Income statement reports depreciation expense on furniture of $23,500. During the year, furniture costing $5 was sold for its book value on December 31, Current Year, Complete the general ledger accounts to calculate cash received from the sale of furniture Furniture Beg. bal Sale of assets End, bal Accumulated Depreciation Bog bal End bal Cost Accumulated depreciation Book value (Cash received) 5 0