Exercise 9 10 Here are selected 2022 transactions of Ayayai Corporation Jan 1 Retired a piece of machinery that was purchased on January 1, 2012 The machine cost $61,000 and had a useful life of 10 years with no salvage value June 30 Sold a computer that was purchased on January 1, 2020 The computer cost $35,000 and had a useful life of 4 years with no salvage value The computer was sold for $4,000 cash Dec 31 Sold a delivery truck for $9,000 cash The truck cost $23,000 when it was purchased on January 1, 2019, and was depreciated based on a 5 year useful life with a $3,200 salvage value Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable Ayayai Corporation uses straight line depreciation (Record entries in the order displayed in the problem statement Credit account titles are automatically indented when amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Date Account Titles and Explanation Debit Credit Choose a transaction date June 30Dec 31Jan 1 Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount Choose a transaction date Dec 31Jan 1June 30 Enter an account title to record depreciation expense for 2017 Enter a debit amount Enter a credit amount Enter an account title to record depreciation expense for 2017 Enter a debit amount Enter a credit amount (To record depreciation expense) Enter an account title to record sale of computer Enter a debit amount Enter a credit amount Enter an account title to record sale of computer Enter a debit amount Enter a credit amount Enter an account title to record sale of computer Enter a debit amount Enter a credit amount Enter an account title to record sale of computer Enter a debit amount Enter a credit amount (To record sale of computer) Choose a transaction date Dec 31Jan 1June 30 Enter an account title to record depreciation expense for 2017 Enter a debit amount Enter a credit amount Enter an account title to record depreciation expense for 2017 Enter a debit amount Enter a credit amount (To record depreciation expense) Enter an account title to record sale of delivery truck Enter a debit amount Enter a credit amount Enter an account title to record sale of delivery truck Enter a debit amount Enter a credit amount Enter an account title to record sale of delivery truck Enter a debit amount Enter a credit amount Enter an account title to record sale of delivery truck Enter a debit amount Enter a credit amount (To record sale of delivery truck)

Question

Exercise 9 10 Here are selected 2022 transactions of Ayayai Corporation  Jan  1 Retired a piece of machinery that was purchased on January 1, 2012  The machine cost $61,000 and had a useful life of 10 years with no salvage value  June 30 Sold a computer that was purchased on January 1, 2020  The computer cost $35,000 and had a useful life of 4 years with no salvage value  The computer was sold for $4,000 cash  Dec  31 Sold a delivery truck for $9,000 cash  The truck cost $23,000 when it was purchased on January 1, 2019, and was depreciated based on a 5 year useful life with a $3,200 salvage value  Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable  Ayayai Corporation uses straight line depreciation  (Record entries in the order displayed in the problem statement  Credit account titles are automatically indented when amount is entered  Do not indent manually  If no entry is required, select  No Entry  for the account titles and enter 0 for the amounts ) Date Account Titles and Explanation Debit Credit Choose a transaction date June 30Dec  31Jan  1 Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount Choose a transaction date Dec  31Jan  1June 30 Enter an account title to record depreciation expense for 2017 Enter a debit amount Enter a credit amount Enter an account title to record depreciation expense for 2017 Enter a debit amount Enter a credit amount (To record depreciation expense) Enter an account title to record sale of computer Enter a debit amount Enter a credit amount Enter an account title to record sale of computer Enter a debit amount Enter a credit amount Enter an account title to record sale of computer Enter a debit amount Enter a credit amount Enter an account title to record sale of computer Enter a debit amount Enter a credit amount (To record sale of computer) Choose a transaction date Dec  31Jan  1June 30 Enter an account title to record depreciation expense for 2017 Enter a debit amount Enter a credit amount Enter an account title to record depreciation expense for 2017 Enter a debit amount Enter a credit amount (To record depreciation expense) Enter an account title to record sale of delivery truck Enter a debit amount Enter a credit amount Enter an account title to record sale of delivery truck Enter a debit amount Enter a credit amount Enter an account title to record sale of delivery truck Enter a debit amount Enter a credit amount Enter an account title to record sale of delivery truck Enter a debit amount Enter a credit amount (To record sale of delivery truck)

Accepted Answer

The Answer is in the image, click to view ...

Jan. 1		Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,000 and had a useful life of 10 years with no salvage value.
June 30		Sold a computer that was purchased on January 1, 2020. The computer cost $35,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash.
Dec. 31		Sold a delivery truck for $9,000 cash. The truck cost $23,000 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $3,200 salvage value.

Question

Exercise 9-10 Here are selected 2022 transactions of Ayayai Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Financial Accounting And Reporting

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Date	Account Titles and Explanation	Debit	Credit
Choose a transaction date June 30Dec. 31Jan. 1	Enter an account title	Enter a debit amount	Enter a credit amount
	Enter an account title	Enter a debit amount	Enter a credit amount
Choose a transaction date Dec. 31Jan. 1June 30	Enter an account title to record depreciation expense for 2017	Enter a debit amount	Enter a credit amount
	Enter an account title to record depreciation expense for 2017	Enter a debit amount	Enter a credit amount
	(To record depreciation expense)
	Enter an account title to record sale of computer	Enter a debit amount	Enter a credit amount
	Enter an account title to record sale of computer	Enter a debit amount	Enter a credit amount
	Enter an account title to record sale of computer	Enter a debit amount	Enter a credit amount
	Enter an account title to record sale of computer	Enter a debit amount	Enter a credit amount
	(To record sale of computer)
Choose a transaction date Dec. 31Jan. 1June 30	Enter an account title to record depreciation expense for 2017	Enter a debit amount	Enter a credit amount
	Enter an account title to record depreciation expense for 2017	Enter a debit amount	Enter a credit amount
	(To record depreciation expense)
	Enter an account title to record sale of delivery truck	Enter a debit amount	Enter a credit amount
	Enter an account title to record sale of delivery truck	Enter a debit amount	Enter a credit amount
	Enter an account title to record sale of delivery truck	Enter a debit amount	Enter a credit amount
	Enter an account title to record sale of delivery truck	Enter a debit amount	Enter a credit amount
	(To record sale of delivery truck)