Date | Account titles & Explanations | Debit | Credit | |||||
1-Jan | Accumulated depreciation | 60,600 | ||||||
Equipment | 60,600 | |||||||
30-Jun | Depreciation expense | 3800 | ||||||
Accumulated depreciation | 3,800 | |||||||
(38000/5)*6/12 | ||||||||
30-Jun | Cash | 13,400 | ||||||
Accumulated depreciation | 26600 | |||||||
Gain on disposal | 2,000 | |||||||
Equipment | 38,000 | |||||||
31-Dec | Depreciation expense | 5570 | ||||||
Accumulated depreciation | 5570 | |||||||
(36420-3000)/6 | ||||||||
31-Dec | ||||||||
Accumulated depreciation | 27850 | |||||||
loss on disposal | 8,570 | |||||||
Equipment | 36,420 | |||||||
Exercise 10-09 Presented below are selected transactions at Concord Company for 2020. lan 1 Retired a...
txercise 10-09 Presented below are selected transactions at Flint Company for 2020. Retired 3 une 30 Sold a computer that was purchased on January 1, 2017. The computer cost $37,500. It had a useful life of 5 years with no salvage value. The computer was sold for $13,100. Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $34,500. It was depreclated based on a 6-ycar useful ife with a $3,000 savage value. oumalze...
Exercise 10-09 Presented below are selected transactions at Concord Company for 2020. Jan. 1 June 30 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $64, Sold a computer that was purchased on January 1, 2017. The computer cost $39,800. It had $13,700. Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $34,980. It Dec. 31 Journalize all entries required on the above dates, including entries to update depreciation,...
Exercise 10 09 Presented below are selected transactions at Bramble Company for 2020 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $64,400 on that date. It had a useful life of 10 years with no salvage Sald a computer that was purchased on January 1, 2017. The computer cost $43,400. It had a useful life of 5 years with no salvage value. The computer was $15,800 1 Jan. June 30 m) Dec. 31...
Exercise 9-9 Presented below are selected transactions at Swifty Corporation for 2019. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2009. The machine cost $61,000 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2016. The computer cost $35,400. It had a useful life of 5 years with no salvage value. The computer was sold for $14,600. Dec....
Presented below are selected transactions at Ridge Company for 2015. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2005. The machine cost $61,020 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2012. The computer cost $36,710. It had a useful life of 5 years with no salvage value. The computer was sold for $14,920. Dec. 31 Discarded...
Presented below are selected transactions at Culver Company for 2020. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,400 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2017. The computer cost $37,800. It had a useful life of 5 years with no salvage value. The computer was sold for $15,400. Dec. 31 Discarded...
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...
I need help with the calculations please Presented below are selected transactions at Whispering Winds Corp. for 2019. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2009. The machine cost $61,300 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2016. The computer cost $36,000. It had a useful life of 5 years with no salvage value. The...
Exercise 9-9 Your answer is partially correct. Try again Presented below are selected transactions at Skysong, Inc. for 2019. Retired a piece of machinery that was purchased on January 1, 2009. The machine cost $60,000 on that date. It had a useful life of 10 years with no salvage value. Jan 1 Sold a computer that was purchased on January 1, 2016. The computer cost $36,600. It had a useful life of 5 years with no salvage value. The computer...
Question 3 Presented below are selected transactions at Ayayai Company for 2017. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost £59,570 on that date. It had a useful life of 10 years with no residual value. June 30 Sold a computer that was purchased on January 1, 2014. The computer cost £35,540. It had a useful life of 5 years with no residual value. The computer was sold for £13,650. Dec....