Cullumber Company sells office equipment on July 31,2025 , for $23,890 cash. The office equipment originally cost $81,740 and as of fanuary 1, 2025, had accumulated depreciation of $35,620. Depreciation for the first 7 months of 2025 is $4,770. Prepare the joumal entries to (a) update depreciation to July 31,2025 , and (b) record the sale of the equipment. (List alf debit entries before credit entries. Credit occount 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.)