During the period, Teen's Trends sold some excess equipment at a loss. The following information was collected from the company's accounting records:
From the income statement
- Depreciation expense $ 700
- Loss on sale of equipment 4,000
- From the balance sheet
- Beginning equipment 12,500
- Ending equipment 7,000
- Beginning accumulated depreciation 2,000
- Ending accumulated depreciation 2,200
No new equipment was bought during the period.
Required:
For the equipment that was sold, determine its original cost, its accumulated depreciation, and the cash received from the sale. (Omit the "$" sign in your response.)
- Equipment sold $
- Accumulated depreciation $
- Cash received from sale $