Ivanhoe Company owns equipment that cost $$130,000$ when purchased on January $1,2018.$ It has been depreciated using the straight$-$line method based on estimated salvage value of $$14,500$ and an estimated useful life of $5$ years.

Prepare Ivanhoe Company's journal entries to record the sale of the equipment in these four independent situations. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

$($a$)$ Sold for $$65,000$ on January $1,2021.$

$($b$)$ Sold for $$65,000$ on May $1,2021.$

$($c$)$ Sold for $$36,500$ on January $1,2021.$

$($d$)$ Sold for $$36,500$ on October $1,2021.$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$