Question $4$ of $9$

$\frac{-}{1}$

Indigo Company has an old factory machine that cost $$61,000.$ The machine has accumulated depreciation of $$34,160.$ Indigo has decided to sell the machine. $($List all debit entries before credit entries. 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 $0$ for the amounts.$)$

$($a$)$ What entry would Indigo make to record the sale of the machine for $$31,160$ cash?

$($b$)$ What entry would Indigo make to record the sale of the machine for $$21,160$ cash?

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$ Cash

Accumulated Depreciation$-$Equipment

Equipment

sale

$($b$)$