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Question 3 of 6 < Current Attempt in Progress -/1.5 Cheyenne Corporation owns machinery that cost $26,400 when purchased on July 1, 2017. Depreciation
Question 3 of 6 < Current Attempt in Progress -/1.5 Cheyenne Corporation owns machinery that cost $26,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $3.168 per year, resulting in a balance in accumulated depreciation of $11,088 at December 31, 2020. The machinery is sold on September 1.2021. for $13.860 Prepare journal entries to lal update depreciation for 2021 and (b) record the sale. (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 O for the amounts) No. Account Titles and Explanation (a) (b) eTextbook and Media List of Accounts Debit Credit
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