Current Attempt in Progress

Wildhorse Lure Co$.$ purchased a machine on October $1,2022$ for $$146,000.$ It has a $$20,000$ residual value and a $10-$year useful life.

On July $1,2024$ the machine sold for $$84,000.$ The company uses the double$-$declining$-$balance method of depreciation. The company

fiscal year end is December $31.$

Prepare the journal entries for $2022$ through $2024.($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.$)$

Date

Account Titles and Explanation

${2022}_{?}$

${2023}_{?}$

$($To record depreciation expense.$)$

$($To record depreciation expense on machinery for $2024.)$