Cullumber Company owns equipment that cost $52,000 when purchased on January 2, 2021. It has been depreciated using the straight-line method based on estimated residual value of $4,000 and an estimated useful life of five years. Following are the four independent situations.

a) Prepare Cullumber Companys journal entry to record the sale of the equipment for $26,600 on January 2, 2024. (To record disposal of equipment.)

b) Prepare Cullumber Companys journal entry to record the sale of the equipment for $26,600 on May 1, 2024. (To record disposal of equipment.)

c) Prepare Cullumber Companys journal entry to record the sale of the equipment for $6,500 on January 2, 2024. (To record disposal of equipment.)

d) Prepare Cullumber Companys journal entry to record the sale of the equipment for $6,500 on October 1, 2024. (To record disposal of equipment.)