Date | Account and explanation | Debit | Credit |
Jan-01 | Accumulated Depreciation | $61,300 | |
Machinery | $61,300 | ||
(To machinery retired on Jan 1) | |||
Jun-30 | Depreciation expenses($8,750*6/12) | $4,375 | |
Accumulated Depreciation($8,750*6/12) | $4,375 | ||
(To depreciation charged for 6 months for 2022) | |||
Jun-30 | Cash | $4,400 | |
Accumulated Depreciation($8,750*2 + $4,375) | $21,875 | ||
Loss on disposal of Computer | $8,725 | ||
Computer | $35,000 | ||
(To Computer disposed with loss) | |||
Dec-31 | Depreciation expenses | $4,120 | |
Accumulated Depreciation | $4,120 | ||
(To depreciation charged for year) | |||
Dec-31 | Cash | $9,450 | |
Accumulated Depreciation | $16,480 | ||
Loss on disposal of truck | $1,230 | ||
Truck | $24,700 | ||
(To record sale of truck in loss) | |||
Here are selected 2022 transactions of Concord Corporation. Jan. 1 Retired a piece of machinery that...
Here are selected 2022 transactions of Indigo Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. 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, 2020. 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 Solda delivery truck for $9,330...
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 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...
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...
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...
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...
CALCULATOR PRINTER VERSION BACK Exercise 9-8 Here are selected 2017 transactions of Bramble Corporation Jan. 1 June 30 Retired a place of machinery that was purchased on January 1, 2007. The machine cost $61,900 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 $4,300 cash. Sold...
Exercise 10-09 Presented below are selected transactions at Concord Company for 2020. lan 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $60,600 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 $38,000. It had a useful life of 5 years with no salvage value. The computer was sold for $13.400 Dec...