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Here are selected 2022 transactions of Concord Company. Jan. 1 June 30 a Retired a piece of machinery that was purchased on January 1, 2012.

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Here are selected 2022 transactions of Concord Company. Jan. 1 June 30 a Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $60,600 and had a useful to of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2019. The computer cost $38,000 and had a useful life of 5 years with no salvage value. The computer was sold for $13.400 cash. Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $36,420. 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. Concord 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 tities 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) Debit Credit Date Account Titles and Explanation To record depreciation to date of disposan (To record sale of computer) (To record depreciation to date of disposal) Dec 31 (to record retirement of trucid e Textbook and Media

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