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Sandhill Company owns equipment that cost $63,700 when purchased on January 1,2022. It has been...

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Accounting

Sandhill Company owns equipment that cost $63,700 when purchased on January 1,2022. It has been depreciated using the straightline method based on an estimated salvage value of $4,900 and an estimated useful life of 5 years.
Prepare Sandhill Company's journal entries to record the sale of the equipment in these four independent situations. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
(a) Sold for $30,380 on January 1,2025.
(b) Sold for $30,380 on May 1,2025.
(c) Sold for $10,780 on January 1,2025.
(d) Sold for $10,780 on October 1,2025.
No. Account Titles and Explanation
Debit
Credit
(a) Cash
Accumulated Depreciation-Equipment
Equipment
Gain on Disposal of Plant Assets
(b)
Depreciation Expense
(To record depreciation)
Accumulated Depreciation-EquipmentM
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