Exercise 9-7 a-b Presented here are selected transactions for Cullumber Limited for 2018. Cullumber uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sept. 1 Sold a delivery truck for $19,430 cash. The truck cost $63,480 when it was purchased on January 1, 2015, and was depreciated based on a four-year useful life with a $5,460 residual value. Sold computers that were purchased on January 1, 2016. They cost $11,061 and had a useful life of three years with no residual value. The computers were sold for $460 cash. Retired equipment that was purchased on January 1, 2009. The equipment cost $163,600 and had a useful life of 10 years with no residual value. No proceeds were received. Dec. 30 * Your answer is incorrect. Try again. Record the above transactions. (Credit account titles are automatically indented when the 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.) Date Account Titles and Explanation Debit Credit LLLLLLLLLLLLLLLLLLLLLLLLLLLL Jan. 1 Cash 194301 LLLLLLLL Accumulated Depreciation - Vehicles 63,480 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII LLLLLLLLLL L L Loss on Disposal Vehicles 63480 Sept. 1 Depreciation Expens Accumulated Amortization - Copyrights (To record depreciation expense) 1 Cash Accumulated Amortization - Copyrights Loss on Disposal X). Equipment ji dodi di di (To record the sale of equipment for cash) Dec. 30 Depreciation Expense Accumulated Depreciation - Equipment (To record depreciation expense) 30 Accumulated Depreciation - Equipment Equipment