Exercise 9-8 Your answer is partially correct. Try again. Here are selected 2017 transactions of Akron Corporation Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $62,000 and had a uscful life of 10 years with no salvage valuc June 30 Sold a cormputer that was purchased on January 1, 2015. The computer cost $36,000 and had a useful life of 3 years with no salvage value. The computer was sold for $5,000 cash. Dec. 31 Sold a delivery truck for 59,000 cash. The truck cost 525,000 when it was purchased on January 1, 2014, and was depeted based on a S-year useful life with a $4,000 salvage value ournalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Akron Corporation uses straight-line depreciation. (Record entries in the order displayed in the problem statement. 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 Account Titles and Explanation Debit Credit an. Accumulated 62000 quipment 62000 une 30 Depreciation Expense Equipment 500D To record depredation expense for 2017) Cash 4990 Loss on Disposal of Plant Assets (To record sale cf computer) Dec. 31 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation expense for 2017) Cash 9000 25000 Gain on Disposal of Plant Assets 9000 To record sale of delivery truck)