Oriole Company purchased equipment in 2020 for $62,400 and estimated an $4,800 salvage value at the end of the equipment's 10-year useful life. At December 31, 2021, there was $40,320 in the Accum Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2022, the equipment was sold for $12,600. Prepare the appropriate journal entries to remove the equipment from the books of Oriole Company on March 31, 2022. (Credit account titles are automatically indented when the amount is entere not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit 1. Depreciation Expense Accumulated Depreciation Equipment (To record depreciation expense for the first 3 months of 2022) 2. Cash Accumulated Depreciation Equipment Equipment (To record sale of equipment) Pharoah Company sold equipment for $6,600. The equipment originally cost $15,000 in 2019 and $3,600 was spent on a major overhaul in 2022 (charged to the Equipment account). Accumulated Depreciation on the equipment to the date of disposal was $12,000. Prepare the appropriate journal entry to record the disposition 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 0 for the amounts.) Account Titles and Explanation Debit Credit Cash Accumulated Depreciation Equipment Equipment Sheridan Company sold equipment that had a book value of $8,100 for $9,000. The equipment originally cost $27,000 and it is estimated that it would cost $34,200 to replace the equipment. Prepare the appropriate journal entry to record the disposition 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 0 for the amounts.) Account Titles and Explanation Debit Credit