E$9\mathrm{.}10($LO $3),$ AP Pryce Company owns equipment that cost $$65,000$ when purchased on January $1,2019.$ It has been depreciated using the straight$-$line method based on an estimated salvage value of $$5,000$ and an estimated useful life of $5$ years.

Instructions

Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations.

a$.$ Sold for $$31,000$ on January $1,2022.$

b$.$ Sold for $$31,000$ on May $1,2022.$

c$.$ Sold for $$11,000$ on January $1,2022.$

d$.$ Sold for $$11,000$ on October $1,2022.$