Brief Exercise 9-8 Sandhill Co. sells office equipment on luly 31, 2017, for s23,500 cash. The office equipment originally cost $75,080 and as of January 1, 2017, had accumulated depreciation of $41,850. Depreciation for the first 7 months of 2017 is $3,850. Prepare the journal entries to (a) update deprecation 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