On 3 January 2017, Bennetti Ltd paid $33 000 for a machine with a useful life of 10 years and a residual value of $3000. On 31 December 2021, accumulated depreciation on the machine was $15 000. The machine was sold on 31 May 2022. Ignore GST.

Required

(a) Prepare a general journal entry to record depreciation expense on the machine for the 5 months in 2022. Use the straight‐line depreciation method.

(b) Prepare an entry to record the sale of the machine on 31 May 2022, assuming a selling price of:

i. $16 000

ii. $17 800.