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Current Attempt in Progress Here are selected 2 0 2 5 transactions of Oriole Corporation. Jan. 1 Retired a piece of furniture that was purchased
Current Attempt in Progress Here are selected transactions of Oriole Corporation. Jan. Retired a piece of furniture that was purchased on January The furniture cost $ and had a useful life of years with no residual value.Presented here are selected transactions for Pharoah Limited for Pharoah uses straightline depreciation and records adjusting entries annually. Jan. Sold a delivery truck for $ cash. The truck cost $ when it was purchased on January and was depreciated based on a fouryear useful life with a $ residual value. Sept. Sold computers that were purchased on January They cost $ and had a useful life of three years with no residual value. The computers were sold for $ cash. Dec. Retired equipment that was purchased on January The equipment cost $ and had a useful life of years with no residual value. No proceeds were received. a Record the above transactions. 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 for the amounts. Record entries in the order displayed in the problem statement. Date Account Titles and Explanation Debit Cash Truck To record depreciation expense To record the sale of equipment for cash To record depreciation expense To record the retirement of equipment June Sold equipment that was purchased on January The equipment cost $ and had a useful life of years with no residual value. The equipment was sold for $ cash. Dec. Sold a vehicle for $ cash. The vehicle cost $ when it was purchased on January and was depreciated based on a year useful life with a $ residual value. Oriole Corporation uses straightline depreciation. Prepare all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter for the amounts.
Current Attempt in Progress
Here are selected transactions of Oriole Corporation.
Jan. Retired a piece of furniture that was purchased on January The furniture cost $ and had a useful life
of years with no residual value.Presented here are selected transactions for Pharoah Limited for Pharoah uses straightline depreciation and records adjusting
entries annually.
Jan. Sold a delivery truck for $ cash. The truck cost $ when it was purchased on January and was
depreciated based on a fouryear useful life with a $ residual value.
Sept. Sold computers that were purchased on January They cost $ and had a useful life of three years
with no residual value. The computers were sold for $ cash.
Dec. Retired equipment that was purchased on January The equipment cost $ and had a useful life of
years with no residual value. No proceeds were received.
a
Record the above transactions. 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 for the amounts.
Record entries in the order displayed in the problem statement.
Date
Account Titles and Explanation
Debit
Cash
Truck
To record depreciation expense
To record the sale of equipment for cash
To record depreciation expense
To record the retirement of equipment
June
Sold equipment that was purchased on January The equipment cost $ and had a useful life of
years with no residual value. The equipment was sold for $ cash.
Dec.
Sold a vehicle for $ cash. The vehicle cost $ when it was purchased on January and was
depreciated based on a year useful life with a $ residual value.
Oriole Corporation uses straightline depreciation.
Prepare all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable.
Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.
Record journal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter for the
amounts.
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