Pharoah Company owns equipment that cost $$72,800$ when purchased on January $1,2022.$ It has been depreciated using the straight$-$

line method based on an estimated salvage value of $$5,600$ and an estimated useful life of $5$ years.

Prepare Pharoah Company's journal entries to record the sale of the equipment in these four independent situations. $($List all debit

entries before credit entries. Credit account titles are automatically indented when 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.$)$

$($a$)$ Sold for $$34,720$ on January $1,2025.$

$($b$)$ Sold for $$34,720$ on May $1,2025.$

$($c$)$ Sold for $$12,320$ on January $1,2025.$

$($d$)$ Sold for $$12,320$ on October $1,2025.$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$