View Policies Current Attempt in Progress Cheyenne Manufacturing owns equipment that cost 74,400 when purchased on January 1, 2017. It has been depreciated using the straight-line method based on an estimated residual value of 4,920 and an estimated useful life of 5 years. Prepare Cheyenne's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Sold for 46,320 on January 1, 2020. (b) Sold for 46,320 on May 1, 2020. (c) Sold for 11,000 on January 1, 2020. (d) Sold for 11,000 on October 1, 2020. No. Account Titles and Explanation (a) Debit Credit No. Account Titles and Explanation Debit 191 To record depreciation) (To record sale of equipment) Credit Question 15 of 15 -15 E 600 (To record depreciation) [To record sale of equipment)