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Exercise Here are selected 2017 transactions of Corporation Jan. 1 June 30 Dec. 31 Retired apce of machinery that was purchased on January 1, 2007.
Exercise Here are selected 2017 transactions of Corporation Jan. 1 June 30 Dec. 31 Retired apce of machinery that was purchased on January 1, 2007. The machine cost $61.900 and had a useful We of 10 years with no salvage value Sold a computer that was purchased on January 1, 2015. The computer cost $36.400 and had a useful fe of 4 years with no salvage value. The computer was sold for $4,600 cash Sold a delivery truck for $9.470 cash The truck cost $24.500 when it was purchased on January 1, 2014, and was deprecated based on a 5-year us e with a $3,500 salvage value Prepare a tabula summary to record all transactions described on the above dates. Update depreciation on assets disposed of, where applicable Flint Corporation uses straight line depreciation (If a transaction Gauses a decrease in Asses wites or Stockholders Equity placen tives for parenthe ) in front of the amount entered for the particular Asset, Liability or Equity item that was duced.) Stockholders' Equity + Expense Cash Accum. Depr. Equip Dividend Equipment Depreciation expense June JO Depreciation expense Dec. 31
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