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Blossom Productions Corp. purchased equipment on March 1 , 2 0 2 4 , for $ 4 9 , 6 0 0 . The company

Blossom Productions Corp. purchased equipment on March 1,2024, for $49,600. The company estimated the equipment would have Your answer is partially correct.
Record all the necessary journal entries for the years ended December 31,2024 and 2025, using the following depreciation
methods: (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not
indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round the depreciation rate in
the double-diminishing-balance method to the nearest whole percent, e.g.43%. Round depreciation per unit in the units-of-production
depreciation method to 2 decimal places, e.g.2.25. Round final answers to 0 decimal places, e.g.5,275.)
(1) Straight-line
Date
2024
Account Titles and Explanation
Depreciation Expense
Accumulated Depreciation - Equipment
Depreciation Expense
Debit
Accumulated Depreciation - Equipment
Credit
2025
(To record depreciation expense)(To record depreciation expense)
]
[
I
1
1
(To record the sale of equipment)
(2) Double-diminishing-balance
Date
2024
Account Titles and Explanation
Debit
Credit
Credit 2025
(To record depreciation expense)
1
(To record the sale of equipment)
(3) Units-of-production
2024(3) Units-of-production
Date
Account Titles and Explanation
Debit
Credit
2024
?bar()
2025
L
(To record depreciation expense)
[
1
1
1
12025
| I
(To record depreciation expense)
(To record depreciation expense)
1.
\rfloor
1
||1
(To record the sale of equipment)
eTextbook and Media
a useful life of three years and produce 12,000 units, with a residual value of $10,000. During 2024, the equipment produced 4,800
units. On November 30,2025, the equipment was sold for $18,000 and had produced 6,000 units that year.
(a)
Record all the necessary journal entries for the years ended December 31,2024 and 2025, using the following depreciation
methods: (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not
indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round the depreciation rate in
the double-diminishing-balance method to the nearest whole percent, e.g.43%. Round depreciation per unit in the units-of-production
depreciation method to 2 decimal places, e.g.2.25. Round final answers to 0 decimal places, e.g.5,275.)
(1) Straight-line
Date
Account Titles and Explanation
Debit
Credit
20242025
(To record depreciation expense)
]
1
1
(To record depreciation expense)2024
2025
(To record depreciation expense)
12024
2025
(To record depreciation expense)
(To record the sale of equipment)Please complete the question. Cullumber Productions Corp. purchased equipment on March 1,2024, for $43,000. The company estimated the equipment would have a useful life of three years and produce 12,000 units, with a residual value of $7,000. During 2024, the equipment produced 4,200 units. On November 30,2025, the equipment was sold for $18,000 and had produced 5,700 units that year.
NOTE: Please clarify enteries as per pictures attached, in the last answer I am not able to identify the enteries. Thank you
image text in transcribed

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