Exercise 10-09 Presented below are selected transactions at Concord Company for 2020. Jan. 1 June 30 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $64, Sold a computer that was purchased on January 1, 2017. The computer cost $39,800. It had $13,700. Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $34,980. It Dec. 31 Journalize all entries required on the above dates, including entries to update depreciation, where applicable (Assume depreciation is up to date as of December 31, 2019.) (Credit account titles are automatically i journal entries in the order presented in the problem. If no entry is required, select "No Entry"fo Date Account Titles and Explanation Credit (To record depreciation to date of disposal) CALCULATOR PRINTER VERSTON BACK 2010. The machine cost $64,500 on that date. It had a useful life of 10 years with no salvage value. omputer cost $39,800. It had a useful life of 5 years with no salvage value. The computer was sold for 016. The truck cost $34,980. It was depreciated based on a 6-year useful life with a $3,000 salvage value. ate depreciation, where applicable, on assets disposed of. Concord Company uses straight-line depreciation. count titles are automatically indented when amount is entered. Do not indent manually. Record 5 required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Ny Principles, 13e TRI System Announcements Return to Blackboard OUT Jesse o 7 OURCES #10 0-02 0-08 0-11 al- FEEL (To record depreciation to date of disposal) a-b mission) al-a2 omission) Aa-c mission) (To record sale of computer) by Study (To record depreciation to date of disposal) Dec. 31 (To record retirement of truck) art a search o g Invalid Session - Gu Wieyptus Netflix G jessie owers inport. G what made Jesse O. Weygandt, Accounting Principles, 13e Help 1 System Announcements Return to Blackboard About Jesse Owens www.usa.chidarts. 50 Get Low You Exercise 10-09 Presented below are selected transactions at Concord Company for 2020. CALOLATOR PRINTER VERSION Jan. 1 June 30 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $64,500 on that date. It had a useful life of 10 years with no salvage value Sold a computer that was purchased on January 1, 2017. The computer cost $39.800. It had a selle of years with no salvage value. The computer was $13,700. Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $34,980. It was deprecated based on a 6-year useful life with a 13,000 Sava val Dec. 31 Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Concord Company uses straight line deprecate (Assume depreciation is up to date as of December 31, 2019.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Recom 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) Date Account Titles and Explanation Debit Credit (To record depreciation to date of disposal)
