Partially correct answer. The answer is partially correct.

Pryce Company owns equipment that cost $67,950 when purchased on January 1, 2012. It has been depreciated using the straight-line method based on estimated salvage value of $8,500 and an estimated useful life of 5 years.

Prepare Pryce Companys journal entries to record the sale of the equipment in these four independent situations. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g.125.)

(a) Sold for $36,670 on January 1, 2015.

(b) Sold for $36,670 on May 1, 2015.

(c) Sold for $10,390 on January 1, 2015.

(d) Sold for $10,390 on October 1, 2015.

(To record sale of equipment 5 (c) Cash 10390 Accumulated Depreciation 35670 Loss on Disposal of Plant 21890 Equipment 67950 (d) Depreciation Expense 3963 Accumulated Depreciati 3963 To record depreciation) -$ Cash 10390 Accumulated Depreciation 39633 Loss on Disposal of Plant 17927 Equipment 67950 Tafel