Oriole Company owns equipment that cost $$127,000$ when purchased on January $1,2019.$ It has been depreciated using the straight$-$

line method based on an estimated salvage value of $$12,700$ and an estimated useful life of $5$ years. Depreciation expense adjustments

are recognized annually.

Instructions:

Prepare Oriole Company's journal entries to record the sale of the equipment in these four independent situations. Update

depreciation on assets disposed of at time of sale. $($Credit account titles are automatically indented when the amount is entered. Do not

indent manuolly. List all debit entries before credit entries If no entry is required, select $"$No Entry" for the account titles and enter Ofor the

amounts.$)$

$($a$)$ Sold for $$77,000cn$ January $1,2022.$

$[$b$]$ Sold for $$77,000on$ April $1,2022$

$($c$)$ Sold for $$27,000cn$ January $1,2022.$

$($d$)$ Sold for $$27,000$ on September $1,2022$

$($e$)$ Repeat $($a$),$ assuming Oriole uses double$-$declining balance depreciation.

$($f$)$ Repeat $($c$),$ assuming Oriole uses double$-$declining balance depreciation.

SR$.$ Account Titles and Explanation

$($a$)$

$($b$)$

$($To record depreciation$)$

$($To record sale of Equipment$]$

$($c$)$

$($d$)$

$($To record depreciation$)$

$($To record sale of Equipment$]$

$($c$)$

$($f$)$