Question: In January 1 , 2 0 2 2 , Sub sold old equipment with a historical cost of 2 4 , 0 0 0 and

 In January 1,2022, Sub sold old equipment with a historical cost of 24,000 and accumulated depreciation of $16,000 to the Parent for $11,000. Parent began using the equipment on January 1,2022, the equipment had an estimated useful life of five years.

Required:
 Make all of the entries pertaining to intercompany sales of equipment 

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