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Blossom Company sold the following two pieces of equipment in 2022- Equipment A Equipment B Cost $220,400 $119,700 Purchase date 7/1/18 1/1/19 Useful life 8

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Blossom Company sold the following two pieces of equipment in 2022- Equipment A Equipment B Cost $220,400 $119,700 Purchase date 7/1/18 1/1/19 Useful life 8 years 5 years 57.600 $5.700 Salvage value Depreciation method Straight line Straight line Date sold 7/1/22 9/1/22 Sales price $93.100 $38.000 Journalce all entries required to update depreciation and record the sales of the two assets in 2022. The company has recorded depreciation on the equipment through December 31, 2021. (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 for the amounts) Equipment PM Question 16 of 31 - /25 Date Account Titles and Explanation Debit Credit July 1 (To record depreciation ) (To record the sale of asset) Equipment B 76F a * O RI th Question 16 of 31 -725 E Date Account Titles and Explanation Debit Credit Sept. 1 (To record depreciation ) (To record the sale of asset)

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