Pina Company owns equipment that cost $$124,000$ when purchased on January $1,2019.$ It has

been depreciated using the straight$-$line method based on an estimated salvage value of $$12,400$

and an estimated useful life of $5$ years. Depreciation expense adjustments are recognized annually.

Instructions:

Prepare Pina Company's journal entries to record the sale of the equipment in these four

independent situations. Update depreciation on assets disposed of at time of sale. $($Credit account

titles are automatically indented when the amount is entered. Do not indent manually. List

all debit entries before credit entries. If no entry is required, select $"$No Entry" for the

account titles and enter $0$ for the amounts.$)$

$($a$)$ Sold for $$75,000$ on January $1,2022.$

$($b$)$ Sold for $$75,000$ on April $1,2022.$

$($c$)$ Sold for $$26,000$ on January $1,2022.$

$($d$)$ Sold for $$26,000$ on September $1,2022$

$($e$)$ Repeat $($a$),$ assuming Pina uses double$-$declining balance depreciation.

$($f$)$ Repeat $($c$),$ assuming Pina uses double$-$declining balance depreciation.

SR$.$ Account Titles and Explanation

Debit

$($a$)$