Bennett Corporation sold a piece of equipment on June 30, 2019 for $100,000 cash. The equipment had been purchased on January 1, 2015 for $150,000. It had an estimated useful life of 6 years and a $30,000 salvage value. Bennett Corp. has been using the straight-line method of depreciation and has a year-end of December 31st. Prepare all necessary journal entries on June 30, 2019 assuming adjusting entries for depreciation expense have been properly recorded through December 31, 2018. Question 9 Not yet answered Marted out of 4.00 gestion Equipment costing Bennett Corporation $60,000 was destroyed by a tornado on January 1, 2021. The equipment, which had been depreciated through December 31, 2020, had accumulated depreciation of $30,500. The equipment was insured and Bennett expects to receive $15,000 from the insurance to settle the loss claim. Prepare the general journal entry to record the fire loss on January 1, 2021