Sunland Company owns equipment that cost $61,100 when purchased on January 1, 2022. It has been depreciated using the straight-line method based on an estimated salvage value of $4,700 and an estimated useful life of 5 years.

Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations.

Sunland Company owns equipment that cost $61,100 when purchased on January 1,2022. It has been depreciated using the straightline method based on an estimated salvage value of $4,700 and an estimated useful life of 5 years. Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations. (List all deblit entries before credit entries. Credit occount titles are automatically indented when amount is entered. Do not indent manualihy. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) Sold for $29,140 on January 1,2025. (b) Sold for $29,140 on May 1,2025. (c) Sold for $10,340 on January 1,2025. (d) Sold for $10,340 on October 1,2025