Exercise 9-11 TER VERSION HACK Study Your answer is partially correct. Try again. Sheridan Company owns equipment that cost $72,000 when purchased on January 1, 2015. It has been deprecated using the straight-int method based on an estimated svagn value of $12,000 and an estimated useful le of 5 years Prepare Sheridan Company's journal entries to record the sale of the equipment in the four independent on Credit account titles are automatically indeed amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) (a) Sold for $38,000 on January 1, 2022. (b) Sold for $38,000 on May 1, 2022. (c) Sold for $21,000 on January 1, 2022 (d) Sold for $21,000 on October, 2022 No, Account Titles and Explanation Debit Credit (a) Cash 1000 Accumulated Dreationalment 3.000 Enuoment 72.000 Gain on Disposal of Plant As 23.000 OL Gain on Disposal of Plant Assets 22,000 (b) Depreciation Expense Accumulated Depreciation-Equipment 22,000 (To record depreciation) Cash 38,000 Accumulated Depreciation-Equipment Equipment 72,000 Gain on Disposal of Plant Assets (To record sale of equipment) (c) Cash 21,000 Accumulated Depreciation-Equipment 51,000 Loss on Disposal of Plant Assets S ju Accumulated Depreciation Equipment 51,000 Loss on Disposal of Plant Assets Equipment 72,000 (d) Depreciation Expense Accumulated Depreciation-Equipment JODIDO DOOR (To record depreciation) Cash 21,000 Accumulated Depreciation-Equipment 39,000 > Loss on Disposal of Plant Assets 12,000 Equipment 72,000 (To record sale of equipment)