Wildhorse Company purchased equipment in for $ and estimated an $ salvage value at the end of the
equipment's year useful life. At December there was $ in the Accumulated Depreciation account for this
equipment using the straightline method of depreciation. On March the equipment was sold for $
Prepare the appropriate journal entries to remove the equipment from the books of Wildhorse Company on March
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 for the amounts. List all debit entries before credit entries.
No Account Titles and Explanation
Debit
Credit
To record depreciation expense for the first months of
To record sale of equipment
