Brief Exercise 9-8 Blossom Company sells office equipment on July 31, 2017, for $23,050 cash. The office equipment originally cost $85,450 and as of January 1, 2017, had accumulated depreciation of $39,450. Depreciation for the first 7 months of 2017 is $4,410. Prepare the journal entries to (a) update depreciation to July 31, 2017, 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 4410 Accumulated Depreciation-Equipment 4410 () Cash 23050 Accumulated Depreciation-Equipment 43860 Loss on Disposal of Plant Assets Equipment Click if you would like to Show Work for this question: Open Show Work