no entry is required, select 'No Entry' for the account tilles and enter O for the amounts. List debit entry before credit entry. Record journal entries in the order presented in the problem. The following are some transactions of Wildhorse Company for 2024. Wildhorse Compary uses straight-line depreciation and has a December 31 year end: Apr. 1. Retired a plece of equipment that was purchased on January 1,2015, for $50,000. The equipment had an expected useful life of 10 years with no residual value. July 30 Sold equipment for $1,300 cash. The equipment was purchased on January 3,2022, for $13.320 ard was depreciated over an expected useful life of three years with no residual value. Nov, 1 Traded in an old vehicle for a new vehicle, receiving a $10,000 trade-in allowance and paving $36,000 cavh. The old vehicle had been purchased on November 1,2018, at a cost of $34,300. The estimated useful life waseight years and the estimated residual value was $6,700. The tair value of the old vehicle was $9,200 on November 1, 2024 Blossom Company has a December 31 year end and uses straight-line depreciation for all property, plant, and equipment. On July 1. 2022, the company purchased equipment for $600,000. The eq0ipment had an expected usefur life of 10 years and no residual value. The company ises the nearest month method for partial year depreciation On December 31, 2023, after recordiog annua deprectation, Blossom reviewed its equipment for possible impairment, Elossom determined that the equipment has a recoverable amount of $261,800. it is not known if the recoverable amount will increase or decrease in the future For eachor thete disposah, prepore a journal entry to recond depeceiation from fanuary 1, 2024, to the date of disporal, if required. (Credt actount titles are outomatically indented when the amount is entered. Do not indent mancally. If no entry is requirnd, select "No Entry" for the occount bitles and enter O for the amountx. Ust debit entry before creali entry Recond fournal entrles in the order prevented in the problem)