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asap plz. 5 different dates for entries The following transactions occurred during 2025. Assume that depreciation of 10% per year is charged on all machinery
asap plz. 5 different dates for entries
The following transactions occurred during 2025. Assume that depreciation of 10% per year is charged on all machinery and 3% per. year on buildings, on a straight-line basis, with no estimated salvage value. Depreciation is charged for a full year on all fixed assets acquired during the year, and no depreciation is charged on fixed assets disposed of during the year. Jan. 30 A building that cost $248,000 in 2008 is torn down to make room for a new building. The wrecking contractor was paid $17.800 and was permitted to keep all materials salvaged. Mar. 10 Machinery that was purchased in 2018 for $19,800 is sold for $1,300 cash, fo.b. purchaser's plant. Freight of $1,100 is paid on this machinery. Mar. 20 A gear breaks on a machine that cost $11.900 in 2017. The gear is replaced at a cost of $690. The replacement does not extend the useful life of the machine. May 18 Aspecial base installed for a machine in 2019 when the machine was purchased has to be replaced at a cost of $6,300 because of defective workmanship on the original base. The cost of the machinery was $15,300 in 2019. The cost of the base was $3,300, and this amount was charged to the Machinery account in 2019. June 23 One of the buildings is repainted at a cost of $11,900. It had not been painted since it was constructed in 2021. Prepare general journal entries for the transactions. (Record joumal entries in the order presented in the problem. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the omounts. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Step by Step Solution
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