Crane Company owns equipment that cost $51,000 when purchased on January 2, 2017. It has been depreciated using the straight-line method based on estimated residual value of $3,000 and an estimated useful life of five years. Following are the four independent situations.

Prepare Crane Companys journal entry to record the sale of the equipment for $25,100 on January 2, 2020. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 2

Prepare Crane Companys journal entry to record the sale of the equipment for $24,400 on May 1, 2020. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
May 1

Prepare Crane Companys journal entry to record the sale of the equipment for $6,400 on January 2, 2020. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 2

Prepare Crane Companys journal entry to record the sale of the equipment for $5,200 on October 1, 2020. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Oct. 1