Chapter 10
Question 5 of 7
Current Attempt in Progress
Sandhill Company owns equipment that cost $61,200 when purchased on January 1, 2019. It has been depreciated using the straight-
line method based on estimated salvage value of $4,200 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 O for the amounts)
(a)
(b)
(d)
Sold for $29,200 on January 1, 2022.
Sold for $29,200 on May 1, 2022.
Sold for $10,200 on January 1, 2022.
Sold for $10,200 on October 1, 2022.
No. Account Titles and Explanation
19
Debit
-/12 E
stv
SA
Credit
***
224
