IS Kimmel, Financial Accounting, 8e, Custom for University of Akron Helo I Brief Exercise 9-8 Crane Company sells office equipment on July 31, 2017, for $21,850 cash. The office equipment originally cost $77,730 and as of January 1, 2017, had accumulated depreciation of $39,740. Depreciation for the first 7 months of 2017 is $4,030. Prepare the journal entries to (a) update depreclation to July 31, 2017, and (b) record the sale of the equipment. (Credit account titles are automatically indented when amou entered. Do not indent manually. If no entry is required, selectNo fntrynor the account titie ind enter o or the amounts) No. Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS ENK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSW 1206 PM ^ 4x 4/12/2018