Ayayai Company owns equipment that cost $ 103,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $ 10,300 and an estimated useful life of 5 years. Instructions: Prepare Ayayai Companys journal entries to record the sale of the equipment in these four independent situations. Update depreciation on assets disposed of at the time of sale. (a) Sold for $ 61,000 on January 1, 2022. (b) Sold for $ 61,000 on April 1, 2022. (c) Sold for $ 22,000 on January 1, 2022. (d) Sold for $ 22,000 on September 1, 2022. (e) Repeat (a), assuming Ayayai uses double-declining balance depreciation. (f) Repeat (c), assuming Ayayai uses double-declining balance depreciation.

Ayayai Company owns equipment that cost $ 103,000 when purchased on January 1, 2019. It has been depreciated using the straight- line method based on estimated salvage value of $ 10,300 and an estimated useful life of 5 years. Instructions: Prepare Ayayai Company's journal entries to record the sale of the equipment in these four independent situations. Update depreciation on assets disposed of at time of sale. (a) Sold for $61,000 on January 1, 2022. (b) Sold for $ 61,000 on April 1, 2022. (c) Sold for $ 22,000 on January 1, 2022. (d) Sold for $ 22,000 on September 1, 2022. (e) Repeat (a), assuming Ayayai uses double-declining balance depreciation. (f) Repeat (c), assuming Ayayai uses double-declining balance depreciation. Date Account Titles and Explanation Debit Credit (a) Cash 61000 Accumulated Depreciation Equipment 55620 Gain on Disposal of Plant Assets 13620 Equipment 103000 (b) Depreciation Expense 4635 Accumulated Depreciation-Equipment 4635 (To record depreciation) Cash 61000 Accumulated Depreciation Equipment 60000 Gain on Disposal of Plant Assets 18000 Equipment 103000 (To record Gain/Loss on sale of Equipment) Dan A. ONIN DOUA (c) Cash Accumulated Depreciation Equipment Loss on Disposal of Plant Assets Equipment Equipment ) (d) Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation) Cash Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets Equipment DOODALIDO DNI 10dddddddd! (NO (e) (f)