Your answer is partially correct. Sandhill Company owns equipment that cost $61,800 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on estimated salvage value of $4,500 and an estimated useful life of 5 years Prepare Sandhill Company's journal entries to record the sale of the equipment in these four independent situations. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (2) Sold for $29,380 on January 1, 2022. (b) Sold for $29,380 on May 1, 2022 k Sold for $10,800 on January 1, 2022. (d) Sold for $10,800 on October 1, 2022. No. Account Titles and Explanation (a) Cash (b) Accumulated Depreciation-Equipment Accumulated Depreciation Equipment Equipment Cash Debit 29,380 34,920 29,380 Accumulated Depreciation-Equipment 38,800 (To record depreciation) Equipment Sales Revenue (To record sale of equipment) Credit 61.800 2,500 61.800 6,380 (b) Cash Accumulated Depreciation Equipment (To record depreciation) Equipment Sales Revenue (To record sale of equipment) (c) Cash (d) Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets (To record depreciation) (To record sale of equipment) eTextbook and Media 29.380 38.800 10,800 43.650 7350 61,800 6.380