Sheridan Company owns equipment that cost $74,100 when purchased on January 1, 2022. It has been depreciated using the straight- line method based on an estimated salvage value of $5,700 and an estimated useful life of 5 years. Prepare Sheridan Company's journal entries to record the sale of the equipment in these four independent situations. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) (b) (c) (d) Sold for $35,340 on January 1, 2025. Sold for $35,340 on May 1, 2025. Sold for $12,540 on January 1, 2025. Sold for $12,540 on October 1, 2025.

Sheridan Company owns equipment that cost $74,100 when purchased on January 1,2022. It has been depreciated using the straightline method based on an estimated salvage value of $5,700 and an estimated usefullife of 5 years. Prepare Sheridan Company's journal entries to record the sale of the equipment in these four independent situations. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (a) Sold for $35,340 on January 1,2025 . (b) Sold for $35,340 on May 1, 2025. (c) Sold for $12,540 on January 1, 2025 (d) Sold for $12,540 on October 1,2025