Crane Company owns equipment that cost $$62,400$ when purchased on January $1,2024.$ It has been depreciated using the straightline method based on estimated salvage value of $$4,920$ and an estimated useful life of $5$ years.

Prepare Crane Company's journal entries to record the sale of the equipment in these four independent situations. $($List all debit entries before credit entries. 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 $0$ for the amounts.$)$

$($a$)$ Sold for $$29,488$ on January $1,2027.$

$($b$)$ Sold for $$29,488$ on May $1,2027.$

$($c$)$ Sold for $$10,400$ on January $1,2027.$

$($d$)$ Sold for $$10,400$ on October $1,2027.$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$ Cash

Accumulated Depreciation$-$Equipment $$

$$

$$

Equipment