Aa- AaBbCcD AaBbCcD AaBbC AaBbCcC AaBbC 1 Normal T No Spac.. Heading1 atyA Heading 3 Heading 2 Styles Paragraph Brief Exercise 9- Wildhorse Co. sells office equipment on July 31, 2017, for $23,790 cash. The office equipment originally cost $81,100 and as of January 1, 2017, had accumulated depreciation of $40,350. Depreciation for the first 7 months of 2017 is $3,700. Prepare the journal entries to (a) update depreciation to July 31, 2017, and (b) record the sale of the equipment. (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 0 for the amounts.) Debit Credit No. Account Titles and Explanation Enter an account title to update depreci Enter a debit Enter a credit on to amount amount (a) July 31 Enter a credit amount enter an account title to update depreciation to July 31 Enter a debit amount Enter a credit Enter an account title to record the sale of the Enter a debit amount amount (b) equipment Enter an account title to record the sale of the Enter a debit Enter a credit equipment amount amount Enter an account title to record the sale of the equipment Enter a debit Enter a credit amount amount Enter an account title to record the sale of the Enter a debit Enter a credit amount equipment amount Display Settings