of $5$ years.

If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

$($a$)$ Sold for $$31,540$ on January $1,2022$

$($b$)$ Sold for $$31,540$ on May $1,2022$

$($c$)$ Sold for $$10,300$ on January $1,2022.$

$($d$)$ Sold for $$10,300$ on October $1,2022.$

No$.$ Account Titles and Explanation

$($a$)$

$($b$)$

$($To record depreciation$)$

$($To record sale of equipment$)$

$($c$)$

$($d$)$

$($To record depreciation$)$

$($To record sale of equipment$)$Concord Corporation owns equipment that cost $$64,200$ when purchased on January $1,2019.$ It has been depreciated using the straight$-$line method based on an estimated salvage value of $$3,300$ and an estimated useful life of $5$ years.

Prepare Concord Corporation's journal entries to record the sale of the equipment in these four independent situations. $($Credit account titles are automatically indented when 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.$)$

$($a$)$ Sold for $$31,540$ on January $1,2022.$

$($b$)$

Sold for $$31,540$ on May $1,2022.$

$($c$)$

Sold for $$10,300$ on January $1,2022.$

$($d$)$

Sold for $$10,300$ on October $1,2022.$