2. Tong Company sells office equipment on September 30, 2018, for $20,000 cash. The office equipment originally cost $72,000 and as of January 1, 2018, had accumulated depreciation of $42,000. Depreciation for the first nine months of 2018 is $5,500. Prepare the journal entries to (a) update depreciation to September 30, 2018, and (b) record the sale of the equipment. Credit Date Account Name Debit 2 nst