straight$-$line method based on an estimated salvage value of $$6,400$ and an estimated useful life of $5$ years.

Prepare Cullumber 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$)$ Sold for $$39,680$ on January $1,2025.$

$($b$)$ Sold for $$39,680$ on May $1,2025.$

$($c$)$ Sold for $$14,080$ on January $1,2025.$

$($d$)$ Sold for $$14,080$ on October $1,2025.$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

Accumulated Depreciation$-$Equipment

Gain on Disposal of Plant Assets

Equipment

$($b$)$

Depreciation Expense

Accumulated Depreciation$-$Equipment