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. Depreciation expense adjustments are recognized annually.

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.

Ayayai Company owns equipment that cost $103,000 wten purchased on January 1,2019, it has becn depreciated using the straightline method based on an estimated salvage value of $10,300 and an estimatod us ofuf tife of 5 years. Deprectation expense adjustisents are recognized annually. Instructions: Prepare Aysyai Compary'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. (Credit occount tities ore cutamatically indenided when the amount is entered Do not indent manually. Lht alf debit entries before credit entries. If no entry is required, select "No Entry' for the occount tides and enter O far the amounts.) (a) Sold for $61,000 on January 1,2022 . (b) Sold for $61.000 on April 1. 2022 (c) Sold for $22000 on January 1,2022. (d) Sold for $22.000 on September 1,2022. (a) Repeat (a) assuminut Avavai uses double declining balance degreciation. (6) Repeat fc, assuming Ayayal uses double-decfining balance depreciation- SR. Account Titles and Explanation Debit Credit (a) (b) (To recond depreciation) (To record sale of Equipment) (c) Question 11 of 11 (d) (To record depreciation) (to record sale of Equipment (e) (i) Question 11 of 11 (Torecord sale of Equipment) (a) (n) eTextbook and Media List of Accounts