Current Attempt in Progress On May 28, 2021, Wildhorse Services purchased equipment for $100,800, giving the supplier a 1-year note at 5% (due at maturity) for $80,610, and paid the balance with cash. Wildhorse also paid Wu Engineering $8,400 cash for installing the equipment on May 30. The equipment's useful life was estimated to be five years, with an $17.400 residual value. The straight-line method of depreciation is used for equipment and Wildhorse has a calendar year end. On October 4, 2023, the equipment was destroyed in an accident. Wildhorse received $61,780 cash as insurance proceeds for the equipment. (a) Record the transactions of May 28 and 30, 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.) Debit Credit Date Account Titles and Explanation SC Cloudy * ENG 4