Current Attempt in Progress O 57:00 Hide Ti Cheyenne Corporation owns equipment that cost $49,200 when purchased on April 1, 2013. Depreclation has been recorded at a rate of $8,200 per year, resulting in a balance in accumulated depreciation of $38,950 at December 31. 2017. The equipment is sold on July 1, 2018, for $9,840. Prepare journal entries to (a) update depreciation for 2018 and (b) record the sale. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit (a) (b)