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Date Account Titles and Explanation Debit Credit (To record depreciation expense) (To record sale of computer) Here are selected 202.5 transactions of Flint Corporation. Jan.1
Date Account Titles and Explanation Debit Credit (To record depreciation expense) (To record sale of computer) Here are selected 202.5 transactions of Flint Corporation. Jan.1 Retired a piece of machinery that was purchased on January 1, 2015. The machine cost $61,900 and had a useful lifeof 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2023. The computer cost $36,400 and had a useful life of 4 years with no salvage value. The computer was sold for $4,600 cash. Dec, 31 Sold a delivery truck for $9,470 cash. The truck cost $24,500 which it was purchased on January 1, 2022, and was depreciated based on a 5 -year useful life with a $3,500 salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable. Flint Corporation uses straight-line depreciation. (List all debit entries before credit entries. Record entries in the order disployed in the problem statement. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is requilied, select "No Entry' for the occount titles and enter Ofor the amounts.) (To record sale of computer) (To record depreciation expense) (To record sale of delivery truck)
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