Question 9 of 10 > - / 40 E Current Attempt in Progress Presented below are selected transactions for the Wildhorse Company for 2023. Jan. 1 Retired a piece of equipment that was purchased on January 1, 2013. The equipment cost $135,000 on that date and had a useful life of 10 years with no salvage value. April 30 Sold equipment for $68,400 that was purchased on January 1, 2020. The equipment cost $189,000 and had a useful life of 5 years with no salvage value. Dec. 31 Discarded equipment that was purchased on June 30, 2019. The equipment cost $75,600 and was depreciated on a 5- year useful life with a salvage value of $3,600. Journalize all entries required as a result of the above transactions. Wildhorse Company uses the straight-line method of depreciation and has recorded depreciation through December 31, 2022. (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. 1 Accumulated Depreciation Equipment 135000 Equipment 135000 April 30 Depreciation Expense 12600 Accumulated Depreciation-Equipment 12600 (To record depreciation) Cash 68400 Accumulated Depreciation Equipment 126000 Gain on Disposal of Plant Assets Question 9 of 10 > - / 40 III April 30 Depreciation Expense 12600 Accumulated Depreciation-Equipment 12600 (To record depreciation) Cash 68400 Accumulated Depreciation-Equipment 126000 Gain on Disposal of Plant Assets 189000 Equipment (To record sale of equipment) Dec. 31 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation) Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets Equipment (To record sale of equipment) Save for Later Last saved 10 minutes ago Saved work will be auto-submitted on the due date. Attempts: 0 of 1 used Submit