Cullumber Company selis office equipment on July 31,2025, for $23,890 cash. The office equipment originally cost $81,740 and as of January 1, 2025, had accumulated depreciation of $35,620. Depreciation for the first 7 months of 2025 is $4,770. Prepare the journal entries to (a) update depreciation to July 31.2025, and (b) record the sale of the equipment. (List all debit entries before credit entries. Credit akcount titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the aecount titles and enter 0 for the amounts.)