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Oriole Company owns equipment that cost $125,000 when purchased on January 1, 2018. It has been depreciated using the straight-line method based on estimated salvage value of $14,000 and an estimated useful life of 5 years. Prepare Oriole Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

(a)		Sold for $59,500 on January 1, 2021.
(b)		Sold for $59,500 on May 1, 2021.
(c)		Sold for $35,000 on January 1, 2021.
(d)		Sold for $35,000 on October 1, 2021.

No. Account Titles and Explanation Debit Credit (a) Cash 59500 Accumulated Depreciation-Equipment 66600 Equipment 125000 Gain on Disposal of Plant Assets 1100 (b) Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation expense) Cash 59500 Accumulated Depreciation-Equipment 24050 Equipment 125000 Gain on Disposal of Plant Assets 41450 (To record disposal of equipment at a gain) (c) Cash 35000 Accumulated Depreciation Equipment 66600 Loss on Disposal of Plant Assets Equipment 125000 (d) Depreciation Expense Gain on Disposal of Plant Assets (To record depreciation expense) Cash 35000 Accumulated Depreciation Equipment 81400 Loss on Disposal of Plant Assets 8600 Equipment 125000 (To record disposal of equipment at a loss)

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