Journal entry
Date | account and explanation | debit | credit |
Jan 1 | Accumlated depreciation-Machinery | 61800 | |
Machinery | 61800 | ||
(To record machine retired) | |||
June 30 | Depreciation expense (37000/4)*6/12 | 4625 | |
Accumlated depreciation-Computer | 4625 | ||
(To record dep) | |||
June 30 | Cash | 4000 | |
Accumlated depreciation-Computer (37000/4)*2.5 | 23125 | ||
Loss on sale of computer | 9875 | ||
Computer | 37000 | ||
(To record sale of computer) | |||
Dec 31 | Depreciation expense (23600-3200)/5 | 4080 | |
Accumlated depreciation-Delivery truck | 4080 | ||
(To record dep) | |||
Dec 31 | Cash | 9380 | |
Accumlated depreciation-Delivery truck (4080*4) | 16320 | ||
Gain on sale of delivery truck | 2100 | ||
Delivery truck | 23600 | ||
(To record sale of truck) | |||
Here are selected 2022 transactions of Indigo Corporation. Jan. 1 Retired a piece of machinery that...
Here are selected 2022 transactions of Concord Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,300 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $35,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,400 cash. Dec. 31 Sold a delivery truck for...
Here are selected 2022 transactions of Sheffield Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62.800 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2020. The computer cost $36.600 and had a useful life of 4 years with no salvage value. The computer was sold for $5,100 cash. June 30 Dec. 31 Sold a delivery truck for...
Here are selected 2022 transactions of Ayayai Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,000 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $35,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash. Dec. 31 Sold a delivery truck for...
Here are selected 2022 transactions of Swifty Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,300 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $35,200 and had a useful life of 4 years with no salvage value. The computer was sold for $5,700 cash. Dec. 31 Sold a delivery truck for...
Here are selected 2017 transactions of Culver Corporation Jan. Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,300 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2015. The computer cost $35,800 and had a useful life of 4 years with no salvage value. The computer was sold for $4,100 cash. Dec. 31 Sold a delivery truck for $9.210...
Exercise 9-10 Here are selected 2022 transactions of Ayayai Corporation. Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,000 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $35,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash. Dec. 31 Sold a delivery truck for...
Exercise 9-10 Here are selected 2022 transactions of Ayayai Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,000 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $35,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash. Dec. 31 Sold a delivery...
Here are selected 2017 transactions of Indigo Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,800 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2015. The computer cost $37,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash. Dec. 31 Sold a delivery truck for...
Exercise 9-8 Here are selected 2017 transactions of Pronghorn Corporation Jan 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $62,000 and had a useful life of 10 years with no salvage value June Sold a computer that was purchased on January 1, 2015. The computer cost $35,400 and had a useful life of 4 years with no salvage value. The 30 computer was sold for $5,600 cash. Dec Sold a delivery truck...
Here are selected 2017 transactions of Culver Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,3000 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2015. The computer cost $35,800 and had a useful life of 4 years with no salvage value. The computer was sold for $4,100 cash. Sold a delivery truck for $9,210 cash. The truck...