Brief Exercise 10-14 Vaughn Corporation owns machinery that cost $25,600 when purchased on July 1, 2014. Depreciation has been recorded at a rate of $3,072 per year, resulting in a balance in accumulated depreciation of $10,752 at December 31, 2017. The machinery sold on September 1, 2018, for $13,440. not indent manually. Tf no en depreciation for 2018 and (b) record the sale. (Credit account titles are automatically indented when amount is entered. Do is required, select "No Entry" for the account titles and enter 0 for the amounts.) Prepare journal entries (a) update Debit Credit No. Account Titles and Explanation (a) (b) Brief Exercise 10-14 Accounts Payable Accumulated Depreciation-Building Accumulated Depreciation-Equipment Accumulated Depreciation-Machinery Accumulated Depreciation-Trucks Buildings Cash Common Stock Contribution Revenue Cost of Goods Sold Depreciation Expense Direct Labor Discount on Notes Payable Equipment Factory Overhead Gain on Disposal of Buildings Gain on Disposal of Equipment Gain on Disposal of Machinery Gain on Disposal of Trucks Insurance Expense Interest Expense Inventory Land Land Improvements Loss on Disposal of Buildings Loss on Disposal of Equipment Loss on Disposal of Machinery Loss on Disposal of Trucks Machinery Maintenance and Repairs Expense Materials No Entry Notes Payable Organization Expense Paid-in Capital in Excess of Par Common Stock Prepaid Insurance Retained Earnings Salaries and Wages Expense Sales Revenue Trading Securities Trucks