CALCULATOR PRINTERVEN Question 2 Presented below are selected transactions at Founder Company for 2017, Jam tired a piece of machinery that was purchased on January 1, 2007. The machine cost (62.090 on that date. It had a life of 10 yrs with red walls June 30 Sold a computer that was purchased on January 1, 2014. The computer cost 37.930. It had a life of 5 years with no residud vae. The computer was sold for 13,060 Dec 31 Dlacarded a delivery truck that was purchased on January 1, 2013. The truck cost 54,200It was deprecated based on a year with 12.000 Joumalle all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of Founder Company sight line depreciation (Astume depreciation is up to date as of December 31, 2016.) (Credit account titles are automatically indented when amount is enter to not inden mally) Data And then and Explanation Debt (To record detection (To record the sale of equipment) (To record depreciation) Dec. 31 (To record the discarding of equipment) une 30 esented below are selected transactions at Flounder Company for 2017, Jan. Retired a piece of machinery that was purchased on January 1, 2007. The machine cost (62,690 on that date. It had a useful life of 10 years with residual value, Sold a computer that was purchased on January 1, 2014. The computer cost 37,930. It had a useful life of 5 years with no residual value. The com tar was sold for 13,060 Dec 31 Discarded a delivery truck that was purchased on January 1, 2013. The truck cost 34,280. It was deprecated based on a 6.vear useful life with a : 2,960 residual value Dumalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Flounder Company uses straight line repreciation. (Assume depreciation is up to date as of December 31, 2016.) (Credit account titles are automatically indented when amount is entered. Do not indent anually.) (To record depreciation) June 30 (To record the sale of equipment) (To record depreciation) Dec. 31