TCO B) Adjusting Entries: Accumulated depreciation-machinery at 1/1/1X
was $150,000. At 12/31/1X, the balance of the account was $300,000.
During 201X, one piece of equipment was sold. The equipment had an
original cost of $100,000 and was 1/2 depreciated when sold. You are to
prepare the missing adjusting entry. For each journal entry write Dr.
for debit and Cr. for credit