Crane Company uses the straight-line method of depreciation. The company's fiscal year end is December 31....

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Crane Company uses the straight-line method of depreciation. The company's fiscal year end is December 31. The following transactions occurred during 2025. Purchased equipment from the Windsor Company on account for $10,700 plus sales tax of $975 and shipping costs of $225. Jan. 1 May 13 Dec. 31 Recorded 2025 depreciation on the basis of a 3-year life and estimated salvage value of $4,550. Paid for $140 routine maintenance on the equipment. Credit Prepare the necessary entries. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Jan. 1 Equipment Gain on Disposal of Plant Assets May 13 Maintenance and Repairs Expense i Debit 11,900 140 B 11,900 Crane Company uses the straight-line method of depreciation. The company's fiscal year end is December 31. The following transactions occurred during 2025. Purchased equipment from the Windsor Company on account for $10,700 plus sales tax of $975 and shipping costs of $225. Jan. 1 May 13 Dec. 31 Recorded 2025 depreciation on the basis of a 3-year life and estimated salvage value of $4,550. Paid for $140 routine maintenance on the equipment. Credit Prepare the necessary entries. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Jan. 1 Equipment Gain on Disposal of Plant Assets May 13 Maintenance and Repairs Expense i Debit 11,900 140 B 11,900

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