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Here are selected 2022 transactions of Ridge Company. Jart 1 Retired a piece of machinery that was purchased on January 1.2012. The machine cost $62.000
Here are selected 2022 transactions of Ridge Company. Jart 1 Retired a piece of machinery that was purchased on January 1.2012. The machine cost $62.000 and had a useful life of 10 vears with no salvage value. June 30 Sold a computer that was purchased on Jainuary 1,2019. The computer cost \$45,000 and had a usetul life of 5 vears with no salvage value. The computer was sold for $14,000 cash. on a b-year uniful 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. Ridge Company uses straight-line depreciation. (Assume depreciation is up to date as of Decemter 31, 2021) (List all debit entries before credit entrles. Credit account titler are automatloally indented when amount is enteref, Do not indent manually. Record joumal entries in the order presented in the problem. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts)
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