*Brief Exercise 9-10 a-b (Part Level Submission) Pharoah Limited sells equipment on September 30, 2018, for $44,310 cash. The equipment originally cost $143,850 when purchased on January 1, 2016. It has an estimated residual value of $3,910 and a useful life of five years. Depreciation was last recorded on December 31, 2017, the company's year end. Record debit side accounts first followed credit side accounts. *(a) Your answer is correct. Prepare the joumal entry to update depreciation using the straight-line method to September 30, 2018. (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.) Account Titles and Explanation Debit Credit Depreciation Expense 43 Accumulated Depreciation - Equipment 20991 Attempts: 1 of 15 used 20991 *(b) Your answer is partially correct. Try again. Prepare the joumal entry record the sale of the equipment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry account titles and enter o for the amounts.) required, select "No Entry" for the Debit Account Titles and Explanation Cash 44310 Credit o TAccumulated Depreciation - Equipment TLoss on Disposal Equipment 1143850 Attempts: 1 of 15 used