Blossom Company sells office equipment on July $31,2027,$ for $ $18,600$ cash. The office equipment originally cost $$74,900$ and as of January $1,2027,$ had accumulated depreciation of $$42,700.$ Depreciation for the first $7$ months of $2027$ is $$5,750.$

Prepare the journal entries to $($a$)$ update depreciation to July $31,2027,$ and $($b$)$ record the sale of the equipment. $($Credit account titles are automatically indented when the 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. List all debit entries before credit entries.$)$