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Here are selected 2022 transactions of Indigo Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost
Here are selected 2022 transactions of Indigo Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. 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, 2020. The computer cost $37,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash. Dec. 31 Solda delivery truck for $9,330 cash. The truck cost $23.600 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $3,200 salvage value. Journalize all entries required on the above dales, including entries to update depreciation on assets disposed of, where applicable. Indigo Corporation uses straight-line depreciation. (Record entries in the order displayed in the problem solemnerit. Credil account Ulles we automatically in critered. Do not indent manually. If no entry is required, select "No Entry for the accounc titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 17 June 30 (To record depreciation expense) (To record sale of computer) Dec. 31 (To record depreciation expense) (To record sale of delivery truck)
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