Here are selected 2025 transactions of Flounder Corporation. Jan. 1 June 30 Dec. 31 Date Retired a piece of machinery that was purchased on January 1, 2015. The machine cost $62,300 and had a useful life of 10 years with no salvage value. Jan. 1 Sold a computer that was purchased on January 1, 2023. The computer cost $35,800 and had a useful life of 4 years with no salvage value. The computer was sold for $4,100 cash. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Flounder Corporation uses straight-line depreciation. (List all debit entries before credit entries. Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Sold a delivery truck for $9,090 cash. The truck cost $24,600 when it was purchased on January 1, 2022, and was depreciated based on a 5-year useful life with a $3,500 salvage value.

Here are selected 2025 transactions of Flounder Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1,2015 . The machine cost $62,300 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2023. The computer cost $35,800 and had a useful life of 4 years with no salvage value. The computer was sold for $4,100 cash. Dec. 31 Sold a delivery truck for $9,090 cash. The truck cost $24,600 when it was purchased on January 1, 2022, and was depreciated based on a 5 -year useful life with a $3,500 salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Flounder Corporation uses straight-line depreciation. (Ust all debit entries before credit entries. Record entries in the order displayed in the problem statement. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts)