Current Attempt in Progress Wildhorse Co. sells office equipment on July 31, 2025, for $23,790 cash. The office equipment originally cost $81,100 and as of January 1, 2025, had accumulated depreciation of $40,350. Depreciation for the first 7 months of 2025 is $3,700. 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 account 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.) Date > eTextbook and Media List of Accounts Save for Later Account Titles and Explanation Debit Attempts: 0 of 3 used Credit Submit Answer

Wildhorse C0. sells office equipment on July 31,2025 , for $23,790 cash. The office equipment originally cost $81,100 and as of January 1,2025, had accumulated depreciation of $40,350. Depreciation for the first 7 months of 2025 is $3,700. 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 account 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.)