5 entries

Here are selected 2022 transactions of Wildhorse Corporation Jan. 1 June 30 Retired a piece of equipment that was purchased on January 1, 2012. The equipment cost $99,000 and had a useful life of 10 years with no salvage value. Sold equipment that was purchased on January 1, 2020. The equipment cost $140,400 and had a useful life of 3 years with no salvage value. The equipment was sold for $16,200 cash. Sold equipment for $22.500 cash. The equipment cost $77 400 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $5,400 salvage value. Dec. 31 Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Wildhorse Corporation uses straight-line depreciation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually . If no entry is requlred, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Credit Debit (To record depreciation)