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Here are selected 2022 transactions of Oriole Company Jan 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January
Here are selected 2022 transactions of Oriole Company Jan 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $64,000 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 $43.500 and had a useful life of 3 years with no salvage value. The computer was sold for $6.700 cash Sold a delivery truck for $10,000 cash. The truck cost $33.900 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $3.000 salvage value. Journalire all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Oriole Company uses straight-line depreciation (Assume depreciation is up to date as of December 31, 2021). (Credit account titles 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 0 for the amounts. Do not round intermediate calculations.) Date Account Titles and Explanation (To record depreciation to date of disposal) To record sale of computer) (To record depreciation to date of disposal To recand retirement of truck) Debit 64000 7250 6700 21750 Credit 64000 7250 15050 43500 6100 10000 18540 1340 6180 33900
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