1 No Spac... Heading 1 Heading2 He T Normal Paragraph Styles Sheridan Company had the following assets on January 1, 2017. Useful Life Purchase Date (in years) Salvage Value Item Cost Machinery $78,100 Jan. 1, 2007 10 Forklift 33,000 Jan. 1, 2014 0 Truck 36,744 Jan. 1, 2012 8 3,304 During 2017, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $13,200. The truck was discarded on December 31. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2016. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit choose a enter a debit enter a credit title transaction date enter an account amount amount enter a debit enter a credit enter an account title amount amount choose a enter an account title to record transaction date depreciation expense on forklift enter a debit enter a credit amount amount enter an account title to record depreciation expense on forklift enter a debit enter a credit amount amount Display S 9no AaBbC AaBbCcD AaBbCcD AaBbC AaBbCcD Heading 3 Heading 1 Heading 2 1 No Spac... T Normal Styles Paragraph 6 Debit Credit Account Titles and Explanation Date enter a debit amount enter a credit amount choose a transaction date enter an account title enter a debit enter a credit enter an account title amount amount choose a enter an account title to record transaction date depreciation expense on forklift enter a debit amount enter a credit mount enter an account title to record enter a debit enter a credit amount depreciation expense on forklift amount (To record depreciation expense on forklift) enter an account title to record sale enter a debit amount enter a credit amount June 30 of forklift on June 30 enter an account title to record sale of forklift on June 30 enter a debit enter a credit amount amount enter an account title to record sale of forklift on June 30 enter a debit enter a credit amount amount enter an account title to record sale of forklift on June 30 enter a debit enter a credit amount amount (To record sale of foridift) Display Settings PR l Normal No Spac.. Heading 1 Heading 2 Hea Paragraph Styles 6 choose a enter an account title to record transaction date depreciation expense on truck enter a debit enter a credit amount amount enter an account title to record enter a debit amount enter a credit depreciation expense on truck amount (To record depreciation expense on truck) enter an account title to record sale Dec. 31 of truck on December 31 enter a debit enter a credit amount amount enter an account title to record sale of truck on December 31 enter a credit amount enter a debit amount enter an account title to record sale of truck on December 31 enter a debit enter a credit amount amount (To record sale of truck) Display Se O