Question 4 of 4 Show Attempt History Current Attempt in Progress 0.72/1 E Nash Corporation owns machinery that cost $24,800 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $2.976 per year, resulting in a balance in accumulated depreciation of $10.416 at December 31.2020. The machinery is sold on September 1, 2021. for $6.448. Prepare journal entries to (a) update depreciation for 2021 and (b) record the sale. (Round answers to 0 decimal places, eg 5,275 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) Depreciation Expense Debit Credit 1964 "e to search Accumulated Depreciation Machinery 6448 (b) Cash Accumulated Depreciation Machinery 124000 Et DALL 10440 325 PM 4/15/2022