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(b) Here are selected 2021 transactions of Reality Corporation. June 30 - Sold a computer that was purchased on January 1, 2019. The computer cost

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(b) Here are selected 2021 transactions of Reality Corporation. June 30 - Sold a computer that was purchased on January 1, 2019. The computer cost $45,000 and had a useful life of 3 years with no salvage value. The computer was sold for $5,000 cash. Dec. 31- Sold a delivery truck for $11,000 cash. The truck cost $30,000 when it was purchased on January 1, 2018 and was depreciated based on a 5-year useful life with a $5,000 salvage value. Required: (6 marks) Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Reality Corporation uses straight-line depreciation

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