On January 2, 2023, Thompson Excavating purchased equipment for $40,000 cash, expecting the equipment to remain in service for five years, with a $4,000 residual value. Thompson uses double-declining-balance depreciation. On April 30, 2025, Thompson sold the equipment for $30,000 cash.

Requirement:

Prepare the journal entries to record the purchase of the equipment; depreciation for 2023, 2024, and 2025; and the sale of the equipment. Omit explanations and round to the nearest dollar

Date	Accounts	Debit	Credit

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Date	Accounts	Debit	Credit