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Question 7 of 9 ./8 E Crane Company owns equipment that cost 51,000 when purchased on January 2 2021. It has been depreciated using the straight line method based on estimated residual value of $3,000 and an estimated useful life of five years Following are the four independent situations Prepare Crane Company's journal entry to record the sale of the equipment for $25,100 on January 2, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account tities and enter for the amounts) Date Account Titles and Explanation Debit Credit Jan 2 To record disposal of equipment SIM 100 PM mo Question 7 of 9 78 Prepare Crane Company's journal entry to record the sale of the equipment for $25,100.00 May 1, 2024 Creditraconies are automatically indented when the amount is entered. De not Indent manually no entry is regulirnd select "No Entry for the account tilties and enter for the amounts:) Date Account Titles and Explanation Debit Credit May 1 To record disposal of ecument 100 Partly 12 PM 4714 o i Type here to Question 7 of 9 V8 E 1 Prepare Crane Company's journal entry to record the sale of the equipment for 56,400 on January 2004 Citate are automatically indented when the amount is entered Do not indent moral no entry is required select "Norry for the titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Jan 2 (To record disposal of ment) Per Crane Coman 12 o o ti E petere to see 100 Partly Final Exam-V1 Question 7 of 9 -78 Prepare Crane Company's journal entry to record the sale of the equipment for $6.400 October 1, 2004. (edit account the are automatically indented when the amount is entered. Do not indent manuallyIf entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Od 1 To record disposal of count NA 10 Partly A. 4140 O DI Type to each