Hello! thank you so much for helping me, I really appreciate it. Below are the questions but I will also write them out:

Statement: Crane Limited equipment on September 30,2018, for $41,120 cash. The equipment originally cost $153,380 when purchased on Jan 1, 2016. It has an estimated residual value of $4,240 and a useful life of five years. Depreciation was last recorded on Dec 31, 2017, the company's year end. Record debit side accounts first followed by credit side accounts.

Question #1: Prepare the journal entry to update depreciation using the straight-line method to September 30,2018

Question #2: Prepare the journal entry to record the sale of the equipment.

ctice Assignment Gradebook ORION Downloadable eTextbook inment Brief Exercise 9-10 ab Crane United sells equipment on September 30, 2018. for 41.120 cash. The equipment originally cost $153,380 when purchased on January 1, 20 on December 31, 2017, the company's year and Record debit de accounts first followed by credit side accounts. Prepare the journal entry to update depreciation using the strai Entry for the account titles and enter for the amounts.) E eptember 30, 2018. (Credit account titles are automatically Account Titles and Explanation D e l for the amounts.) ty to record the sale of the equipment. (Credit accou indented when the amount is enrered. Account Titles and Explanation Debit Credit FULL SCREEN PRINTER VERSION BACK NE 53,380 when purchased on January 1, 2016. It has an estimated residual value of $4,240 and a useful life of five years. Depreciation was last recorded redit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and entero VID for $1,120 cash. The equipment originally cost $153,380 when purchased on January 1, 2016. - December 31, 2017, the company's year end cord debt side accounts first followed by credit side accounts. repare the journal entry to update depreciation using the straight line method to September 30, 2018. (Credit account titles are automatically indented when the ntry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Prepare the journal entry to record the sale of the equipment. (Credit account titles are automatically indented when the amount is entered. Do not indent manu, for the amounts.) Account Titles and Explanation Debit Credit ere to search 0 P W