Question 6 of 6 --15 View Policies Current Attempt in Progress Wildhorse Company owns equipment that cost $48,000 when purchased on January 2, 2021. It has been depreciated using the straight-line method based on estimated residual value of $6,000 and an estimated useful life of five years. Following are the four independent situations Prepare Wildhorse Company's journal entry to record the sale of the equipment for $26,000 on January 2, 2024. (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.) Debit Credit Date Account Titles and Explanation Jan. 2 Cash 26.000 Accumulated Depreciation Equipment 34,400 Equipment 48.000 12.00 Gain on Disposal (To record disposal of equipment.) e Textbook and Media Assistance Used List of Accounts -/5 List of Accounts Assistance Used Prepare Wildhorse Company's journal entry to record the sale of the equipment for $26,000 on May 1, 2024. (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 May 1 {To record disposal of equipment.) eTextbook and Media List of Accounts Prepare Wildhorse Company's journal entry to record the sale of the equipment for $4,700 on January 2, 2024. (Creditoccount formatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the List of Accounts Prepare Wildhorse Company's journal entry to record the sale of the equipment for $4.700 on January 2, 2024. (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. 2 (To record disposal of equipment.) eTextbook and Media List of Accounts Prepare Wildhorse Company's journal entry to record the sale of the equipment for $4,700 on October 1.2024. (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.) Credit Debit Fynlanation List of Accounts Prepare Wildhorse Company's journal entry to record the sale of the equipment for $4.700 on October 1, 2024. (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 Oct. 1 (To record disposal of equipment.) e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later Last saved 18 hours ago Saved work will be auto-submitted on the due date m
