sunland company sells office equipment on July 31, 2022 for $18,600 cash the office equipment originally cost 74,900 and as of January 1, 2022 had accumulated depreciation of 42700 depreciation for the first 7 months of 2022 is 5750

Current Attempt in Progress Sunland Company sells office equipment on July 31, 2022, for $18,600 cash. The office equipment originally cost $74,900 and as of January 1,2022, had accumulated depreciation of $42,700. Depreciation for the first 7 months of 2022 is $5,750. Prepare the journal entries to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment, (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.)