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do it now asap and provide all supporting work. Blossom Limited sells equipment on September 30, 2021, for $44,020 cash. The equipment originally cost $150,730

do it now asap and provide all supporting work. image text in transcribed
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Blossom Limited sells equipment on September 30, 2021, for $44,020 cash. The equipment originally cost $150,730 when purchayed on January 1, 2019. It has an'estimated residual value of $3,990 and a useful life of five years. Depreciation is recorded annually and was last recorded on December 31,2020 , the company's year end. Record debit side accounts first followed by credit side accounts: (a) Prepare the journal entry to update depreciation using the straight-line method to September 30, 2021. (List all debit entries before credit entries, Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is realired, select "No Entry" for the account titles and enter O for the amounts.) Prepare the journal entry to record the sale of the equipment. (List all debit entries before credit entries Credlt occount tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required; select "No Entry" for the occount tillies and enter 0 for the amounts.)

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