Use the plant asset records from Work Together 8-2. The following transactions occurred in 20X5. A general journal, cash receipts journal, and plant asset records are provided in the Working Papers. Source documents are abbreviated as follows: check, C; memorandum, M; receipt, R. Your instructor will guide you through the following examples.

1. Journalize additional depreciation, if needed. Journalize the disposal of each plant asset.
2. Make appropriate notations in the plant asset records.

Transcribed Image Text:

Jan. 3. Discarded scanner, no. 162. M65. Mar. 30. Received cash for sale of freight scale, no.163, $600.00. M125 and R145. June 26. Received cash for sale of a desk, no. 127, $500.00. M151 and R273. Dec. 28. Paid cash, $30,000.00, plus old truck, no. 116, for new truck, no. 172. M222 and C671. Dec. 30. Sold land, no. 105, and a building, no. 106, for $110,000.00. M224 and R663.