Butte Co. loaned $50,000 to Beavis Co. on June 1, at 6% interest for three months. Interest is due the first of each month, commencing July 1. Butte Co's year end is June 30. What entry will Butte Co. make when it receives the interest on July 1 ? Presented here are selected transactions for Cullumber timited for.2018. Cullumber uses straight-line degreciation and records adjusting entries annually. Jan.1 Sold a dellvery truck for $19,430 cash. The truck cost $63,460 when it was purchased on January 1,2015 , and was depreciated based on a four-year usefud life with a 55,460 residual value. Septi 1 Sold computers that were purchased on january 1, 2016 They cost $11,061 and had a useful Wfe of three years with no residaa value. The computers were sold for $460cash. Dec. 30 Retired equipment that was purchased on january 1. 2009. The equipment cost $163,600 and had a usefut life of 10. years with ne resilfual value. No proceeds were received. (a) Record the above transactions. (Credit occount titles are automatically indented when the ambunt is eatered. Do not. indent manually. If no entry is required, select. "No Entry" for the account tities and enter of for the amounta.) Question 7 of 8 (To record depreciation expense) (To record the sole of equipment for cash) Question 7 of 8 (To record the sale of equipment for cash) Dec 30 (To record depreciation expense) 30 (To record the retirement of equipment) etextbook and Media List of Accounts Swefor tater Attempts: 0 of 2 used Subut Anwer