NEXT FULL SCREEN 1 BACK PRINTER VERSION ASSIGNMENT RESOURCES Brief Exercise 9-10 a-b 2021H Chapter 9 Part II Quiz (Quiz 3) O Brief Exercise 9-10 a-b E Brief Exercise 9-12 a-b Sandhill Limited sells equipment on September 30, 2018, for $43,050 cash. The equipment originally cost $156,520 when purchased on January 1, 2016. It has an estimated residual value of $3,600 and a useful life of five years. Depreciation was last recorded on December 31, 2017, the company's year end. Record debit side accounts first followed by credit side accounts. Review Score Review Results by Study Objective Z Your answer is partially correct. Try again. Prepare the journal entry to update depreciation using the straight-line method to September 30, 2018. (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.) Debit Credit Account Titles and Explanation x: 84,106 Depreciation Expense Accumulated Depreciation - Equipment 84,106 Z Your answer is partially correct. Try again. Prepare the journal entry to record the sale of the equipment. (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 O for the amounts.) Account Titles and Explanation Credit Debit Assignment > Open Assignment ( BACK FULL SCREEN PRINTER VERSION NEXT Depreciation Expense ASSIGNMENT RESOURCES 84,106 2021H Chapter 9 Part II Quiz (Quiz 3) O Brief Exercise 9-10 a-b E Brief Exercise 9-12 a-b 84,106 Accumulated Depreciation - Equipment Review Score Review Results by Study Objective Z Your answer is partially correct. Try again. Prepare the journal entry to record the sale of the equipment. (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 O for the amounts.) Account Titles and Explanation Debit Credit 43,050 Cash Equipment 156,520 Accumulated Depreciation - Equipment 84,106 25,764 Impairment Loss Question Attempts: 1 of 2 used