Accounting for Long-Term Assets Company B is its business. Instructions: Record each of the following equipment transactions for 2017 a calendar-year corporation that purchases and sales equipment for use in May 9: Company B sold a concrete truck for $3,400. The original cost of the concrete truck was $7.000, with accumulated depreciation of $4,300 at the time of the sale. Record the sale of the concrete truck for cash Date a. Account Titles Debit Credit July 13: Company B purchased a new fork lift for $11,000 plus sales tax of $3,300 he company signed a note for $5,000 and paid the remaining balanced owed for the equipment in cash. Record the purchase of the new fork lift Date Debit Credit Account Titles July 13: Company B sold a cable reel trailer that originally cost $5.750, with accumulated depreciation of $2.300 at the time of the sale. Record the sale of the cable reel trailer for $3,350 cash. Date c. Debit Credit Account Titles December 31: Company B uses the straight-line depreciation method to calculate its depreciation expense on its equipment. For 2017 depreciation expense was $24,750 Date d. Record depreciation expense Credit Debit Account Titles