13. On April 1, Year 5 a company discarded a machine that had cost $10,000 and had accumulated depreciation of $8,000 as of December 31, Year 4. The asset had a 5-year life and $0 salvage value. Prepare the journal entries, including the journal entry explanations, to record the updating of the depreciation expense and discarding of this asset in Year 5. Three (3) points

Date		Account Titles and Explanation	Debit	Credit

23. Pastimes Co. offers its employees a bonus equal to 2% of the company's net income. The estimated net income for the year is expected to be $850,000. Prepare the general journal entry, including journal entry explanation, to record the employee bonus plan expense. Three (3) points

Date		Account Titles and Explanation	Debit	Credit

24. Starling Company sells merchandise for $24,000 cash on March 31 (cost of merchandise is $12,300). The sales tax law requires Starling to collect 8.25% sales tax on every dollar of merchandise sold. Record the journal entry, including journal entry explanation, for the sale and its applicable sales tax. Three (3) points

Date		Account Titles and Explanation	Debit	Credit

25. All Star Sports receives $48,000,000 cash in advance ticket sales for 12 home games. Record the advance ticket sales on April 30. Prepare the journal entry, including journal entry explanation, to record the revenue earned for the first home game played on August 14. Three (3) points

Date		Account Titles and Explanation	Debit	Credit