Support - My Subscriptions Bode Rejo. A Shannon Company has a equipment that originally cost $68,000. Depreciation has been recorded for six years using the straight-ine methog, with a 59.000 estimated salvage value at the end of an expected eight-year life. After recording depreciation at the end of six years, Shannon sells the equipment. Prepare the journal entry to tec the equipment's sale for (Round to the nearest dollar) a $30,000 cash b. 523,750 cash $21,000 cash General Journal Description Date Debit Credit Cash 0 0 Equipment 0 0 0 0 D To record sale of equipment Cash b OOO e To record sale of equipment Cash o o o o Accumulated Depreciation - Equipment LE To record role of equipment