Indicate the accounts to be increased/decreased to record the following transactions for Reese Company, which has a calendar year end and uses the straight-line method of depreciation. On September 30, 2017, the company sold old equipment for $46,000. The equipment was purchased on January 1, 2015, for $96,000 and was estimated to have a $16,000 salvage value at the end of its 5-year life. Depreciation on the equipment has been recorded through December 31, 2016. Date Account Titles and Explanation Increase/Decrease Amount September 30, 2017 $ $ (To record depreciation expense for the first 9 months of 2014) $ $ $ $ (To record sale of delivery equipment) Show List of Accounts

On June 30, 2017, the company sold old equipment for $24,000. The equipment originally cost $36,000 and had accumulated depreciation to the date of disposal of $15,000. (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 titles and enter 0 for the amounts.) Date Account Titles and Explanation Increase/Decrease Amount June 30, 2014