Here is selected 2022 transaction of concord Company.

June 30 sold a computer that was purchased on January 1, 2019, The company cost $38,000 and has a useful life of 5 years with no salvage value. The computer was sold for $13,400 cash.

Journalize all entries required on the above dates, including entries to update depreciation on assets disposed to where applicable. Concord company uses straight-line depreciation is up to date as December 31, 2021.