17 Koch Company a delivery truck that was purchased on January 1, 2014 at a cash price of $91,800. At the time of purchase, related expenditures were sales taxes $13,200, painting and lettering $5,000, motor vehicle license $800 and a three-year accident insurance policy $16,000. It has been depreciated using the straight-line method based on estimated residual value of 10,000 and an estimated useful life of 5 years. Required: Prepare journal entries for Koch Company to record the sale of the equipment in these four independent situations. (a) Sold for 56,000 on January 1, 2017. (10 Marks) (b) Sold for 56,000 on April 1, 2017. (5 Marks) Sold for 22,000 on January 1, 2017. (5 Marks) (d) Sold for 22,000 on October 1, 2017. (5 Marks) (c) Note: Narrations are not required. Total= {25 Marks} For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TTT Arial : 3 (12pt) TEE Qi Save and Submit to save and submit. Click Save All Answers to save all answers. Save A