Current Attempt in Progress Cullumber Company sells equipment on March 31, 2021, for $34.145 cash. The equipment was purchased on January 5, 2018, at a cost of $83,000, and had an estimated useful life of five years and a residual value of $2,800. Cullumber Company uses straight-line depreciation for equipment. Adjusting journal entries are made annually at the company's year end, December 31. Prepare the journal entry to update depreciation to March 31, 2021. (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 o for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 31 (To record depreciation expense.) e Textbook and Media List of Accounts Question 14 of 14 Prepare the journal entry to record the sale of the equipment. (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 entero for the amounts.) Date Account Titles and Explanation Debit Credit Mar 31 (To record disposal of equipment.) e Textbook and Media List of Accounts Company received $26,970 cash for it. (Credit XUCSLIUI 14+ UL 14 - / 1 INT Prepare the journal entry to record the sale of the equipment if Cullumber Company received $26,970 cash for it (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 for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 31 (To record disposal of equipment.) eTextbook and Media List of Accounts Submit Answer Attempts: 0 of 15 used Son for later for