A company owns equipment that cost $$125,100$ and has accumulated depreciation of $$90,600$ as of January $1.$ Prepare the entry to record the disposal of this equipment on January $1$ for each separate situation.

a$.$ Equipment is sold for $$35,200$ cash.

b$.$ Equipment is sold for $$27,200$ cash.

Journal entry worksheet

Note: Enter debits before credits.

$\backslash$table$[[$Date$,,$General Journal,Debit,Credit$],[$January $01,,,,],[,,,,]]$