Question

so ive finished the first question, just wanted to show you what the question is about. ive been here for hours tryna figure out the second, third and fourth pictures (all one question) pls help

Help Save Vita Water purchased a used machine for $122.300 on January 2, 2020. It was repaired the next day at a cost of $10,038 and installed on a new platform that cost $1,662. The company predicted that the machine would be used for six years and would then have a $24,320 residual value. Depreciation was to be charged on a straight-line basis to the nearest whole month. A full year's depreciation was recorded on December 31, 2020. On September 30, 2025, it was retired. Required: 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the installation. Assume that cash was paid View transaction list View journal entry worksheet NO Date Jan 02, 2020 General Journal Credit Machine Cash Debit 122,300 122,300 Jan 03, 2020 Machine Cash 10,038 10,038 Jan 03, 2020 Machine 1,662 Cash 1,662

Answer 1

Credit Date General Journal 02-02-20 Machinery Debit $122.300 Cash $ 122,300 $ 10,038 03-02-20 Machinery Cash $ 10,038 Calculation of Accumulated Depreciation $ 1,662 03-02-20 Machinery Cash $ 1,662 30-09-25 Cash $ 25,000 Accumulated Depreciation $ 91,400 Loss on sale of machinery $ 17,600 Machinery Cost of Machine Salvage Value Depreciation Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Accumulated Depreciation 134000 24320 18280 (134000-24320)/6 18280 18280 18280 18280 18280 91400 $134,000 30-09-25 Cash $ 31,000 Accumulated Depreciation | $ 91,400 Loss on sale of machinery $ 11,600 Machinery $134,000 30-09-25 Cash $ 42,600 Accumulated Depreciation $ 91,400 Machinery $134,000 (Here in question they did not give how much cash received from insurance company so I assumed that WDV of the machine is given by insurance company)