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hello I need help with this problem, I have attached a word doc, please post me a word doc and show me your work on
hello I need help with this problem, I have attached a word doc, please post me a word doc and show me your work on how you get each number plzz thanks. Need it by tomorrow, please help thank you.
Exercise 9-9 Presented below are selected transactions at Ridge Company for 2017. Jan. June Dec. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,300 on that date. It had a useful life of 10 years with no salvage value. 3 Sold a computer that was purchased on January 1, 2014. The computer cost $36,000. 0 It had a useful life of 5 years with no salvage value. The computer was sold for $14,000. 3 Discarded a delivery truck that was purchased on January 1, 2013. The truck cost 1 $36,000. It was depreciated based on a 6-year useful life with a $3,000 salvage value. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Ridge Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2016.) (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 0 for the amounts. Do not round intermediate calculations.) Date Account Titles and Explanation (To record depreciation to date of disposal) June 30 Debit Credit (To record sale of computer) (To record depreciation to date of disposal) Dec. 31 (To record retirement of truck)Step by Step Solution
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