During 2024, Zone Company completed the wing Click the loon to view ton) Record the transactions in the joumel of Zors Company (end debt fret, then Seed the pan on the let i Jan. 1: Traded in old office equipment with book value of $25.000 (ost of $9,000 and could depreciation of $74,000) for had commercial substance Record a single compound jumal entry) Date Jan 1 Accounts and Explanation Debit Cred Apr. 1: Sold equipment that cost $60,000 (accumulated depreciation of $52,000 through December 31 of the preceding year) Zora received $4,200 cast equipment has a five-year useful ife and a residual value of $0. apment Depreciation is computed se basis The Before we record the sale of the equipment, we must record depreciation on the equipment through April 1, 2004 Date Apr. 1 Accounts and Explanation Debit Credit