Presented below are selected transactions for the Sunland Company for 2023. Jan. April Your answer is partially correct. Dec. 1 30 31 Retired a piece of equipment that was purchased on January 1, 2013. The equipment cost $112,500 on that date and had a useful life of 10 years with no salvage value. Sold equipment for $57,000 that was purchased on January 1, 2020. The equipment cost $157,500 and had a useful life of 5 years with no salvage value. Discarded equipment that was purchased on June 30, 2019. The equipment cost $63,000 and was depreciated on a 5-year useful life with a salvage value of $3,000. Journalize all entries required as a result of the above transactions. Sunland Company uses the straight-line method of depreciation and has recorded depreciation through December 31, 2022. (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 O for the amounts.) SUPPORT

Your answer is partially correct. Presented below are selected transactions for the Sunland Company for 2023. Jan. 1 April 30 Dec 31 Retired a piece of equipment that was purchased on January 1, 2013. The equipment cost $112.500 on that date and had a useful life of 10 years with no salvage value. Sold equipment for $57,000 that was purchased on January 1, 2020. The equipment cost $157.500 and had a useful life of 5 years with no salvage value. Discarded equipment that was purchased on June 30, 2019. The equipment cost $63,000 and was depreciated on a 5-year useful life with a salvage value of $3,000. Journalize all entries required as a result of the above transactions. Sunland Company uses the Straight-line method of depreciation and has recorded depreciation through December 31, 2022. (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 O for the amounts) C SUPPORT