Question 5 of 7 > View Policies Current Attempt In Progress The following are some transactions of Wildhorse Company for 2024. Wildhorse Company uses straight-line depreciation and has a December 31 year end -/16 @ Apr 1 Retired a piece of equipment that was purchased on January 1, 2015, for $50,000. The equipment had an expected useful tite of 10 years with no residual valu July 301 Nov 1 Sold equipment for $1.300 cash The equioment was purchased on January 3, 2022. for $13.320 and was depreciated ever an expected coeful life of the years with no rele Traded in an old vehicle for a new vehicle.receiving a $10.000 trade-in allowance and paying $36,000 cash. The old vehicle had been purchased an November 1.2018 of 134.300 The estimated useful life was eight years and the estimated residual value was $6,700. The fair value of the old vehicle was $9.200 on November 12024 (al For each of these disposals prepare a journal entry to recand depreciation from January 1.2024. to the date of disposal, if required Credit and the une automatically is when t entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts List debt entry before ondit entry Record jumal ente the one in the problem) Date Account Titles Debit Credit Question 5 of 7 (a) -16 E 1 For each of these disposals, prepare a journal entry to record depreciation from January 1, 2024, to the date of disposal, if required (Credit amet titles are automatically indented when the amunt l entered. Do not indent manually. If no entry is required, select "No Entry" for the accout titles and enler 0 for the amounts List debit entry before credit entry Recont journed anees in the art problem) Date Account Titles Debit Credit