Here are selected 2017 transactions of Monty Corporation.

Jan. 1		Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,800 and had a useful life of 10 years with no salvage value.
June 30		Sold a computer that was purchased on January 1, 2015. The computer cost $36,000 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 $9,400 cash. The truck cost $23,800 when it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a $3,700 salvage value.

Prepare a tabular summary to record all transactions described on the above dates. Update depreciation on assets disposed of, where applicable. Monty Corporation uses straight-line depreciation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

Here are selected 2017 transactions of Monty Corporation. Jan. 1 June 30 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,800 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2015. The computer cost $36,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash. Sold a delivery truck for $9,400 cash. The truck cost $23,800 when it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a $3,700 salvage value. Dec. 31 Prepare a tabular summary to record all transactions described on the above dates. Update depreciation on assets disposed of, where applicable. Monty Corporation uses straight-line depreciation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Liabilities Cash + Equipment Accum. Depr. - Equip. + Jan. 1 $ ta $ June 30 Dec. 31 + Stockholders' Equity Retained Earnings Expense + Common Stock Revenue Dividend $ $ ta $ Stockholders' Equity Retained Earnings Revenue Expense Dividend A A ta >