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April 1 Land 4160200 Cach May 1 > Depreciation Expense Accumulated Depreciation Equipment (To record depreciation on equipment sold) Cost of Goods Sold Cash Equipment
April 1 Land 4160200 Cach May 1 > Depreciation Expense Accumulated Depreciation Equipment (To record depreciation on equipment sold) Cost of Goods Sold Cash Equipment Gain on Disposal of Plant Assets Cash Land Gain on Disposal of Land Accumulated Depreciation Equipment Equipment Depreciation Expense Accumulated Depreciation Buildings To record depreciation on equipment retired) Deprecation Expense Record adjusting entries for depreciation for 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 (To record depreciation on buildings.) NIE Dec 31 (To record depreciation on equipment.) Prepare the plant assets section of Bridgeport's balance sheet at December 31, 2023. (Hint: You may wish to set up Taccounts, post beginning balances, and then post 2023 transactions) (List Plant Assets in order of Land Building and Equipment) BRIDGEPORT CORPORATION Partial Balance Sheet E
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