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Sandhill Comparry owns equipment that cost $61,200 when purchased an January 1,2019. It has been depreciated using the straightline method based on estimated salvage value
Sandhill Comparry owns equipment that cost $61,200 when purchased an January 1,2019. It has been depreciated using the straightline method based on estimated salvage value of $4,200 and an estimated useful life of 5 years. Prepare Sandhill Company's journal entries to record the sale of the equipment in these four independent situations. (List all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts) (a) Sold for $29,200cn January 1,2022. (b) Sold for $29,200cn Mary 1, 2022. [c] Sold for \$10,200 on January 1, 2022. [d] Sold for $10,200m October 1,2022
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