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Here are selected 2 0 2 2 transactions of Oriole Company. Jan. 1 Retired a piece of machinery that was purchased on January 1 ,
Here are selected transactions of Oriole Company. Jan. Retired a piece of machinery that was purchased on January The machine cost $ and had a useful life of years with no salvage value. June Sold a computer that was purchased on January The computer cost $ and had a useful life of years with no salvage value. The computer was sold for $ cash. Dec. Sold a delivery truck for $ cash. The truck cost $ when it was purchased on January and was depreciated based on a year useful life with a $ salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable. Oriole Company uses straightline depreciation. Assume depreciation is up to date as of December Crea account titles are automatically indented when amount is entered. Do not indent manually. Ptcord 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. Do not round intermediate calculations. tableDateAccount Titles and Explanationan Accumulated DepreciationEquipment,EquipmentDepreciation Expense,Accumulated DepreciationEquipment, To record depreciation to date of disposal June Cash Accumulated DepreciationEquipment To record sale of computer ec Depreciation Expense Accumulated DepreciationEquipment To record depreciation to date of disposal Dec. Accumulated DepreciationEquipment Equipment To record retirement of truck
Here are selected transactions of Oriole Company.
Jan. Retired a piece of machinery that was purchased on January The machine cost $ and had a useful life of years with no salvage value.
June Sold a computer that was purchased on January The computer cost $ and had a useful life of years with no salvage value. The computer was sold for $ cash.
Dec. Sold a delivery truck for $ cash. The truck cost $ when it was purchased on January and was depreciated based on a year useful life with a $ salvage value.
Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable. Oriole Company uses straightline depreciation. Assume depreciation is up to date as of December Crea account titles are automatically indented when amount is entered. Do not indent manually. Ptcord 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. Do not round intermediate calculations.
tableDateAccount Titles and Explanationan Accumulated DepreciationEquipment,EquipmentDepreciation Expense,Accumulated DepreciationEquipment,
To record depreciation to date of disposal
June
Cash
Accumulated DepreciationEquipment
To record sale of computer
ec
Depreciation Expense
Accumulated DepreciationEquipment
To record depreciation to date of disposal
Dec.
Accumulated DepreciationEquipment
Equipment
To record retirement of truck
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