The following three accounts appear in the general ledger of Herrick Corp. during 2020. Equipment Date Debit Credit Balance Jan. 1 Balance 161,000 July 31 Purchase of equipment 71,700 232,700 Sept. 2 Cost of equipment constructed 54,400 287,100 Nov. 10 Cost of equipment sold 49,700 237,400 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. 1 Balance 69,000 Nov. 10 Accumulated depreciation on equipment sold 29,800 39,200 Dec. 31 Depreciation for year 21,000 60,200 Date Jan 1 Balance Retained Earnings Debit Credit Balance 106.000