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Here are selected 2025 transactions of Monty Corporation. Jan.1 Retired a piece of machinery that was purchased on January 1,2015 . The machine cost $61,800

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Here are selected 2025 transactions of Monty Corporation. Jan.1 Retired a piece of machinery that was purchased on January 1,2015 . The machine cost $61,800 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 $36,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000cash. Dec. 31 Sold a delivery truck for $9,400 cash. The truck cost $23,800 when it was purchased on January 1, 2022, and was depreciated based on a 5 -year useful life with a $3,700 salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Monty Corporation uses straight-line deprciation. (Ust all debit entrles before credit entritas Record entrles in the order dieployed in the problem statement. Credit eccount bitles ore automatically indented when amount is entered. Do not indent manually. If no entry is required. select "No Entry" for the account titles and enter Ofor the amounts. Date Account Titles and Explanation Debit Credit (To record depredation expense) (To record sale of delvery truck)

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