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Oriole Limited sold equipment on September 30,2024 , for $41,190 cash. The equipment originally cost...

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Accounting

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Oriole Limited sold equipment on September 30,2024 , for $41,190 cash. The equipment originally cost $154,350 when purchased on January 1, 2022. it has an estimated residual value of $4,210 and a usefut tife of five years, Deprectation is recorded annually and was last recorded on December 31, 2023, the company's year end. Record debit side accounts first followed by credit side accounts. (a) Your answer is correct. Prepare the journal entry to update depreciation using the straight-line method to September 30, 2024. Itist debit entry before credit entry, Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, setect "Wo Entry" for the dccount tittes and enter ofor the amounts) Piepare the journal entry to record the sale of the equipment, (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manially if no entry is required, select "No Entry" for the occount titles and enter ofor the amounts.)

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