a) Prepare the journal entry to update appreciation to March 31, 2021

b) Prepare the journal entry to record the sale of equipment.

c) Prepare the journal entry to record the sale of the equipment if Sunland company received $27,270 cash for it

Question 11 Sunland Company sells equipment on March 31, 2021, for $34,445 cash. The equipment was purchased on January 5, 2018, at a cost of $83,500, and had an estimated useful life of five years and a residual value of $3,300. Sunland Company uses straight-line depreciation for equipment. Adjusting journal entries are made annually at the company's year end, December 31. Your answer is correct Prepare the journal entry to update depreciation to March 31, 2021. (Credit account the are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.)