Barnhart's Sold a Piece of Restaurant Equipment to Another Restaurant $$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

question 135

Essay

Barnhart's sold a piece of restaurant equipment to another restaurant on July 1,2013 for $1,100 cash.The equipment originally cost $12,000,had an estimated life of 20 years,and an estimated salvage value of $2,000.Barnhart's had recorded total depreciation of $9,000 through the end of 2012,using the straight-line method.Barnhart's had to update the depreciation of the asset before recording the sale.After the depreciation was updated,Barnhart's then recorded the sale transaction.Please provide the entry for the sale transaction.
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Definitions:

MRNA

Messenger RNA, a type of RNA that carries genetic information from DNA to the ribosome, where proteins are synthesized.

Surface Area

The total area of the external layer or surface of an object or body, often relevant in processes such as absorption and evaporation.

Volume Ratio

A comparative measure of the volume of one substance or entity to another, often used in scientific experiments and calculations.

Prokaryotic Cells

Cells that lack a distinct nucleus and membrane-bound organelles, characteristic of bacteria and archaea.