Presented here are selected transactions for Wildhorse Limited for 2018. Wildhorse uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sold a delivery truck for $19,420 cash. The truck cost $66,900 when it was purchased on January 1, 2015, and was depreciated based on a four-year useful life with a $6,220 residual value. Sept. 1 Sold computers that were purchased on January 1, 2016. They cost $11,745 and had a useful life of three years with no residual value. The computers were sold for $450 cash. Dec. 30 Retired equipment that was purchased on January 1, 2009. The equipment cost $153,900 and had a useful life of 10 years with no residual value. No proceeds were received. - Your answer is partially correct. Record the above transactions. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Accumulated Depreciation - Vehicles 45,510 Cash 19,420 Loss on Disposal 21,390 21,390 Vehicles 66,900 66,900 Jan. 1 Accumulated Depreciation - Vehicles 45,510 Cash 19,420 Los on Disposal Loss on Disposal 2,390 21,390 Vehicles 66,900 Sept. 1 Depreciation Expense 35,235 Accumulated Depreciation - Equipment 35,235 (To record depreciation expense) Accumulated Depreciation - Equipment 10,440 Cash 450 Loss on Disposal 1,305 Equipment 11,745 (To record the sale of equipment for cash) Dec. 30 Depreciation Expense 1,539,000 Accumulated Depreciation - Equipment 1,539,000 (To record depreciation expense) Accumulated Depreciation - Equipment 153,900