Here are selected 2022 transactions of Sheffield Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62,800 and had a useful life of 10 years with no salvage value. June Sold a computer that was purchased on January 1, 2020. The computer cost $36,600 and had a useful life of 4 years with 30 nosalvage value. The computer was sold for $5,100cash. Dec. Sold a delivery truck for $9,080 cash. The truck cost $24,000 when it was purchased on January 1, 2019, and was 31 depreciated based on a 5 -year useful life with a $3,700 salvage value. Prepare a tabular summary to record all transactions described on the above dates. Depreciation was last recorded on December 31 , 2021. Update depreciation on assets disposed of, where applicable. Sheffield Corporation uses straight-line depreciation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Jan.1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62,800 and had a useful life of 10 years with no salvage value. June Sold a computer that was purchased on January 1,2020. The computer cost $36,600 and had a useful life of 4 years with 30 nosalvage value. The computer was sold for $5,100cash. Dec. Sold a delivery truck for $9,080 cash. The truck cost $24,000 when it was purchased on January 1,2019 , and was 31 depreciated based on a 5 -year useful life with $3,700 salyage value. Prepare a tabular summary to record all transactions described on the above dates. Depreciation was last recorded on December 31 , 2021. Update depreciation on assets disposed of, where applicable. Sheffield Corporation uses straight-line depreciation. (If a transoction couses a decrease in Assets, Labilities or Stockholders' Equity, ploce a negative sign (or parentheses) in front of the amount entered n.1 Retired a piece of machinery that was purchased on January 1,2012. The machine cost $62,800 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 $36,600 and had a useful life of 4 years with no salvage value. The computer was sold for $5,100cash. Sold a delivery truck for $9,080 cash. The truck cost $24,000 when it was purchased on January 1,2019 , and was depreciated based on a 5 -year useful life with a $3,700 salvage value. epare a tabular summary to record all transactions described on the above dates, Depreciation was last recorded on December 31. 21. Update depreciation on assets disposed of, where applicable. Sheffield Corporation uses straight-line depreciation. (If a ansaction causes a decrease in Assets, Llabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered the porticular Asset, Liability or Equity item that was reduced.)
