Wing Pang Company sells office equipment on September 30, 2012, for $18,307 cash. The office equipment originally cost $72,263 and as of January 1, 2012, had accumulated depreciation of $42,659. Depreciation for the first 9 months of 2012 is $4,916. Prepare the journal entries to (a) update depreciation to September 30, 2012, and (b) record the sale of the equipment. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

	Account/Description	Debit	Credit
(a)	Acc. Dep.-Office equipment Cash Loss on disposal Office equipment Dep. exp.-Office equipment Gain on disposal
	Loss on disposal Cash Office equipment Acc. Dep.-Office equipment Gain on disposal Dep. exp.-Office equipment
(b)	Cash Loss on disposal Office equipment Gain on disposal Dep. exp.-Office equipment Acc. Dep.-Office equipment
	Dep. exp.-Office equipment Acc. Dep.-Office equipment Office equipment Loss on disposal Gain on disposal Cash
	Dep. exp.-Office equipment Loss on disposal Gain on disposal Cash Acc. Dep.-Office equipment Office equipment
	Cash Loss on disposal Dep. exp.-Office equipment Acc. Dep.-Office equipment Gain on disposal Office equipment