I need help with this journal entries:
Sold old store equipment for 320 cash The equipment originally cost 1025 and depreciation to sept 30 of this year(the end of the third quarter) totals 820 The asset depreciates on a straight line basis at a rate of $20 per month and depreciation is calculated to the nearest month

Cash $320
Accumulated Depreciation 820
Equipment $1,025
Loss on Sale of Equipment 115
To record sale of equipment.
;)