2020. It was repaired the next day at a cost of $9.963 and installed $1,637. The company predicted that the machine would be used for six years and would then have a $23720 residual value Depreciation was to be charged on a straight-line basis to the nearest whole month A full year's depreciation was recorded on December 31, 2020. On September 30, 2025, it was retired 10 points Required: 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the installation, Assume that cash was paid. eBook Print heferences View transaction list Journal entry worksheet Record purchase of machine Note: Enter debits before credits ME H Type here to search o 211 PM 11/2010 2020. It was repaired the next day at a cost of $9.963 and installed $1637. The company predicted that the machine would be used for six years and would then have a $23720 residual value Depreciation was to be charged on a straight-line basis to the nearest whole month. A full year's depreciation was recorded on December 31, 2020. On September 30, 2025, it was retired 10 points Required: 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the installation, Assume that cash was paid. eBook Print Deferences View transaction list Journal entry worksheet Record purchase of machine Note Enter debits before credite 2. Prepare entries to record depreciation on the machine on December 31 of its first year and on September 30 in the year of its disposal (Round intermediate calculations to the nearest whole dollar.) uts View transaction list eBook Journal entry worksheet Print 1 2 eferences > Record the depreciation. Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 2020 2. Prepare entries to record depreciation on the machine on December 31 of its first year and on September 30 in the year of ts disposal, (Round intermediate calculations to the nearest whole dollar) nts View transaction list eBook Journal entry worksheet Print 1 ferences 2 > Record the depreciation Note: Enter debits before credits General Journal Debli Credit Date Dec 31, 2020 Chec 11 b. It was sold for $35.000. View transaction list 10 points Journal entry worksheet eBook 1 Print Record the sale of machine for $35,000 References Note: Enter debits before credits Debit Credit General Journal Date Sep 30, 2025 Help Save & Ex 11 c. It was destroyed in a fire and the insurance company paid $29,000 in full settlement of the loss claim View transaction list 10 points Journal entry worksheet eBook Print Record the disposal of machine on full settlement by Insurance company, References Note: Enter debits before credits General Journal Debit Credit Date Sep 30, 2025 2020. It was repaired the next day at a cost of $9.963 and installed $1,637. The company predicted that the machine would be used for six years and would then have a $23720 residual value Depreciation was to be charged on a straight-line basis to the nearest whole month A full year's depreciation was recorded on December 31, 2020. On September 30, 2025, it was retired 10 points Required: 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the installation, Assume that cash was paid. eBook Print heferences View transaction list Journal entry worksheet Record purchase of machine Note: Enter debits before credits ME H Type here to search o 211 PM 11/2010 2020. It was repaired the next day at a cost of $9.963 and installed $1637. The company predicted that the machine would be used for six years and would then have a $23720 residual value Depreciation was to be charged on a straight-line basis to the nearest whole month. A full year's depreciation was recorded on December 31, 2020. On September 30, 2025, it was retired 10 points Required: 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the installation, Assume that cash was paid. eBook Print Deferences View transaction list Journal entry worksheet Record purchase of machine Note Enter debits before credite 2. Prepare entries to record depreciation on the machine on December 31 of its first year and on September 30 in the year of its disposal (Round intermediate calculations to the nearest whole dollar.) uts View transaction list eBook Journal entry worksheet Print 1 2 eferences > Record the depreciation. Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 2020 2. Prepare entries to record depreciation on the machine on December 31 of its first year and on September 30 in the year of ts disposal, (Round intermediate calculations to the nearest whole dollar) nts View transaction list eBook Journal entry worksheet Print 1 ferences 2 > Record the depreciation Note: Enter debits before credits General Journal Debli Credit Date Dec 31, 2020 Chec 11 b. It was sold for $35.000. View transaction list 10 points Journal entry worksheet eBook 1 Print Record the sale of machine for $35,000 References Note: Enter debits before credits Debit Credit General Journal Date Sep 30, 2025 Help Save & Ex 11 c. It was destroyed in a fire and the insurance company paid $29,000 in full settlement of the loss claim View transaction list 10 points Journal entry worksheet eBook Print Record the disposal of machine on full settlement by Insurance company, References Note: Enter debits before credits General Journal Debit Credit Date Sep 30, 2025