Disposition of Assets: Journalizing

Mitchell Parts Co. had the following plant asset transactions during the year: 1. Assets discarded or sold:

Jan. 1	Motor #12, which had a cost of $2,740 and accumulated depreciation of $2,740, was discarded.
8	Motor #8, which had a cost of $4,600 and accumulated depreciation of $4,200, was sold for $170.
14	Motor #16, which had a cost of $5,490 and accumulated depreciation of $5,330, was sold for $460.

2. Assets exchanged or traded in:

Feb. 1	Motor #6, which had a cost of $6,050 and accumulated depreciation of $4,820, was traded in for a new motor (#22) with a fair market value of $6,880. The old motor and $5,450 in cash were given for the new motor.
9	Motor #9, which had a cost of $5,540 and accumulated depreciation of $5,070, was traded in for a new motor (#23) with a fair market value of $6,350. The old motor and $6,130 in cash were given for the new motor.

Required:

Prepare general journal entries for the transactions.

Page: 1

	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT
1	20-- Jan. 1				fill in the blank 2	fill in the blank 3	1
2					fill in the blank 5	fill in the blank 6	2
3							3
4	Jan. 8				fill in the blank 8	fill in the blank 9	4
5					fill in the blank 11	fill in the blank 12	5
6					fill in the blank 14	fill in the blank 15	6
7					fill in the blank 17	fill in the blank 18	7
8							8
9	Jan. 14				fill in the blank 20	fill in the blank 21	9
10					fill in the blank 23	fill in the blank 24	10
11					fill in the blank 26	fill in the blank 27	11
12					fill in the blank 29	fill in the blank 30	12
13							13
14	Feb. 1				fill in the blank 32	fill in the blank 33	14
15					fill in the blank 35	fill in the blank 36	15
16					fill in the blank 38	fill in the blank 39	16
17					fill in the blank 41	fill in the blank 42	17
18					fill in the blank 44	fill in the blank 45	18
19							19
20	Feb. 9				fill in the blank 47	fill in the blank 48	20
21					fill in the blank 50	fill in the blank 51	21
22					fill in the blank 53	fill in the blank 54	22
23					fill in the blank 56	fill in the blank 57	23
24					fill in the blank 59	fill in the blank 60	24