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Here are selected 2022 transactions of Marigold Corp.. Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1,

Here are selected 2022 transactions of Marigold Corp.. Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62,000 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2020. The computer cost $39,600 and had a useful life of 3 years with no salvage value. The computer was sold for $5,600 cash. Sold a delivery truck for $9,000 cash. The truck cost $29,100 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $3,000 salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Marigold Corp. uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021). (Credit account titles Date Account Titles and Explanation Debit edit (To record depreciation to date of disposal) (To record sale of computer) (To record sale of computer) (To record depreciation to date of disposal) (To record retirement of truck)

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