Question: Directions:Prepare the journal entry based on the information below. Background Information: Donald sold equipment for $7,500 which cost $9,500 The equipment has accumulated depreciation of

Directions:Prepare the journal entry based on the information below.

Background Information: Donald sold equipment for $7,500 which cost $9,500 The equipment has accumulated depreciation of $5,500

15-Dec Accumulated Depreciation __________

Equipment _________

Cash _________

Loss __________

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