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fill in the red boxes. showing wrong answers Here are selected 2022 transactions of Swifty Company, Jan. 1 June 30 Retired a piece of machinery

fill in the red boxes. showing wrong answers

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Here are selected 2022 transactions of Swifty Company, Jan. 1 June 30 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $64,000 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2019. The computer cost $43,500 and had a useful life of 5 years with no salvage value. The computer was sold for $15.200 cash. Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $40,080. It was depreciated based on a 6-year useful life with a $3,000 salvage value. Dec. 31 Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable. Swifty Company uses straight-line depreciation (Assume depreciation is up to date as of December 31, 2021.) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record 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 Credit Debit Account Titles and Explanation 64000 Jan 1 Accumulated Depreciation Equipment June 30 Cash 15200 Accumulated Depreciation-Equipment 19810 Depreciation Expense 8490 Equipment 43500 (To record sale of computer) Dec 31 Depreciation Expense 6180 Accumulated Depreciation-Equipment 6180 (To record depreciation to date of disposal) Dec. 31 Depreciation Expense 30900 Accumulated Depreciation Equipment 9180 Equipment 40080 (To record retirement of truck)

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