Wildhorse Co. owns equipment that cost $63,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $4,800 and an estimated useful life of 5 years. Prepare Wildhorse Co.s journal entries to record the sale of the equipment in these four independent situations.

account titles and enter 0 for the amounts.) (a) Sold for $29,920 on January 1, 2022. (b) Sold for $29,920 on May 1,2022. (c) Sold for $10,500 on January 1,2022. (d) Sold for $10,500 on October 1,2022 No. Account Titles and Explanation Debit Credit (a) (b) (To record depreciation) (To record sale of equipment) (c) (d) (To record depreciation) (To record sale of equipment)