Blossom Limited sold equipment on September $30,2024,$ for $$37,870$ cash. The equipment originally cost $$156,280$ when purchased on January $1,2022.$ It had an estimated residual value of $$4,380$ and a useful life of five years. Depreciation is recorded annually and was last recorded on December $31,2023,$ the company's year end.

$($a$)$

Prepare the journal entry to update depreciation using the straight$-$line method to September $30,2024.($List debit entry before credit entry. 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 O for the amounts.$)$