Part B

Blossom Company sold the following two pieces of equipment in 2022: Cost Purchase date Useful life Salvage value Depreciation method Date sold Sales price Equipment A $92,800 7/1/18 8 years $3,200 Straight-line 7/1/22 $39,200 Equipment B $50,400 1/1/19 5 years $2,400 Straight-line 9/1/22 $16,000 Journalize all entries required to update depreciation and record the sales of the two assets in 2022. The company has recorded depreciation on the equipment through December 31, 2021. (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 for the amounts.) Equipment A Debit Credit Date Account Titles and Explanation July 1 (To record depreciation ) (To record the sale of asset) Equipment B Debit Credit Date Account Titles and Explanation Sept. 1 (To record depreciation ) (To record the sale of asset)