(Solved): Question 8 Pina Corporation owns machinery that cost $38,000 when purchased on January 1, 2023. Depr ...

Question 8 Pina Corporation owns machinery that cost

when purchased on January 1, 2023. Depreciation has been recorded at a rate of

per year, resulting in a balance in accumulated depreciation of

at December 31, 2024. The machinery is sold on September 1,2025, for

. (a) Prepare the journal entry to update depreciation for 2025. (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. List debit entry before credit entry.) \table[[Date Account Titles and Explanation,],[September 1,2025,]] (b) The parts of this question must be completed in order. This part will be available when you complete the part above.