Brief Exercise 9-10 Your answer is partially correct. Try again. Blue Spruce Corp. sells equipment on September 30, 2019, for $17,600 cash. The equipment originally cost $72,700 and as of January 1, 2019, had accumulated depreciation of $41,700. Depreciation for the first 9 months of 2019 is $4,850. Prepare the journal entries to (a) update depreciation to September 30, 2019, and (b) record the sale of the equipment. (Credit account titles are automatically indented when 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.) No. Account Titles and Explanation Debit Credit (a) Depreciation Expense 4850 Accumulated Depreciation-Equipment 4850 (b) Accumulated Depreciation Equipment 46550 > Cash 17600 Loss on Disposal of Plant Assets 6700 Equipment 72700