Pina Colada Corp. owns equipment that cost $$62,700$ when purchased on January $1,2019.$ It has been depreciated using the straightline method based on an estimated salvage value of $$4,500$ and an estimated useful life of $5$ years.

Prepare Pina Colada Corp.$\text{'}$s journal entries to record the sale of the equipment in these four independent situations. $($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 $$29,920$ on January $1,2022$

$($b$)$ Sold for $$29,920$ on May $1,2022$

$($c$)$ Sold for $$10,300$ on January $1,2022.$

$($d$)$ Sold for $$10,300$ on October $1,2022.$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

$($b$)$

$($To record depreciation$)$