sheeidan compang owns equipment that cost $79,000 when purcjaxed on Jan 1 2019. It has been depreciates using the straight-line method based on an estimated salvage value od $19,000 and an estimate useful like of 5 years.

Assignment Gradebook ORION Downloadable eTextbook ent Exercise 9-11 Sheridan Company owns equipment that cost $79,000 when purchased on Ja $19,000 and an estimated useful life of 5 years. Prepare Sheridan Company's journal entries to record the sale of the equipme entered. Do not indent manually. If no entry is required, select "No E (a) (b) (c) (d) Sold for $45,000 on January 1, 2022. Sold for $45,000 on May 1, 2022. Sold for $21,000 on January 1, 2022 Sold for $21,000 on October 1, 2022. Debit No. Account Titles and Explanation (a) cash 45000 Accumulated Depreciation-Buildings 36000 Equipment Gain on Disposal of Plant Assets b) Depreciation Expense Accumulated Depreciation-Buildings (To record depreciation)