Howard Company uses the allowance method. On August 29, the company determines that it cannot collect $515 of its accounts receivable from a customer, M. Troy. In the journal entry to write off Troy's account, the company will: Dewey Company owns equipment that cost $40,800, with accumulated depreciation of $37,400. On July 7, Dewey sells the equipment for $3,400 cash. In the journal entry to record the sale, the company will: Dayton Company owns equipment that cost $41,750, with accumulated depreciation of $37,780, On May 9, Dayton sells the equipment for $4,000 cash. In the journal entry to record the sale, the company will have to record a