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Prepare journal entries to record these transactions. $($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 $0$ for the amounts.$)$

$($a$)$ Sheridan Company retires its delivery equipment, which cost $$47,790.$ Accumulated depreciation is also $$47,790$ on this delivery equipment. No salvage value is received.

$($b$)$ Assume the same information as in part $($a$),$ except that accumulated depreciation for the equipment is $$37,660$ instead of $$47,790.$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

Accumulated Depreciation$-$Equipment

Equipment

$($b$)$

Accumulated Depreciation$-$Equipment

Loss on Disposal of Plant Assets