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Exercise 10-10 Pryce Company owns equipment that cost $61,800 when purchased on January 1, 2017. It has been depreciated using the straight-line method based on

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Exercise 10-10 Pryce Company owns equipment that cost $61,800 when purchased on January 1, 2017. It has been depreciated using the straight-line method based on estimated salvage value of $4,500 and an estimated useful life of 5 years. Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to o decimal places, e.g. 125. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (a) (b) (c) (d) Sold for $29,380 on January 1, 2020. Sold for $29,380 on May 1, 2020. Sold for $10,800 on January 1, 2020. Sold for $10,800 on October 1, 2020. No. Account Titles and Explanation Debit Credit (a) (To record depreciation) (To record sale of equipment) (c) (To record sale of equipment) (c) (To record depreciation) (To record sale of equipment) Click if you would like to Show Work for this question: Open Show Work

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